Cost of living relief for all Australians to drive down inflation: PM

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Cost of living relief for all Australians to drive down inflation: PM

STORY: Cost of living relief for all Australians to drive down inflation: PM SHOOTING TIME: May 15, 2024 DATELINE: May 17, 2024 LENGTH: 00:01:20 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of Parliament of Australia 2. various of Canberra street views 3. various of utility pole STORYLINE: Australian Prime Minister Anthony Albanese has defended his government's decision to offer every Australian, including high earners, cost of living relief. Under the federal budget for 2024-25, which was handed down by Treasurer Jim Chalmers on Tuesday night, every Australian will receive a tax cut from July and every household an energy bill rebate worth 300 Australian dollars (198.7 U.S. dollars) regardless of their income. Asked on Wednesday why the energy discount was not targeted to help only those in need of financial help, Albanese said offering it to every household would deliver cost of living relief and put downward pressure on inflation. "We want to make sure that every Australian gets

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