Australian tax cuts

Kevin Rudd has confirmed he will deliver $31 billion of tax cuts, as promised before the last election.

He is also trimming $1.3 billion off the government bureaucracy.

He ruled out blowing other savings on quick-fixes and handouts, saying it was time Budgets looked beyond the next election. “I am determined that this Budget won’t be another one-year wonder,” he said.

It will be interesting to compare the two budgets this month.