Chalmers flags tax cuts, tough times in intergenerational report

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Share A A A Treasurer Jim Chalmers has flagged a desire to deliver Australians a fresh round of tax cuts as he prepares to release a 40-year economic forecast that he warns will contain confronting findings about the nation’s future.

Chalmers will release the seventh intergenerational report on Monday as the Coalition promises to cut fuel costs when global prices spike in a bid to appeal to voters concerned about the cost of living, a move slammed by the government as economically irresponsible.

The intergenerational report, which forecasts how the nation’s economy and population will develop over the next four decades, will say this year’s budget lowered the tax burden on working-age Australians and it will float opportunities for further tax cuts.