Families facing $50bn tax hit

Combined impact of looming tax hikes and benefit cuts could top $50bn over four years.

Millions of middle-Australian families will share the burden of returning the budget to surplus as new figures show the combined impact of the federal government’s looming tax hikes and benefit cuts could top $50 billion over the next four years.

As Tony Abbott comes under attack for breaching his “low tax” election promises, new modelling reveals 2.3 million families are likely to be hit by the proposed deficit tax.

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