Turnbull Government Forced to Delay $36 Billion Tax Cut After Falling Two Votes Short In Senate

Australian Prime Minister Malcolm Turnbull speaks to the media during a news conference at Parliament House in Canberra, Australia, March 27, 2018. AAP/Lukas Coch/via Reuters

SYDNEY—Australian Prime Minister Malcolm Turnbull has been forced to delay introducing a bill to cut corporate tax after falling two votes short of a majority in the upper house.

The center-right leader wanted to cut the corporate tax rate to 25 percent from 30 percent this week.