Australians to get Tax Cuts and Cash Handouts to Relieve Cost of Living

Treasurer Josh Frydenberg speaks to journalists at a press conference before delivering his 2022 Budget speech at Parliament House in Canberra, Australia, on March 29, 2022. AAP Image/Mick Tsikas

Ten million Australians will receive a one-off $420 (US$315) tax offset to assist with the ballooning cost of living, while six million welfare recipients will get a $250 cash payment in the 2022-23 federal budget.

Treasurer Josh Frydenberg unveiled the details of the anticipated “temporary, targeted, and responsible” cost of living relief package on Tuesday evening.