CANBERRA: Australia's conservative government unveiled surprise tax cuts and tighter rules for welfare yesterday in a post-election budget delivered against a backdrop of leadership turmoil within the ruling coalition.
Treasurer Peter Costello announced A$22bil worth of income tax cuts over four years, the abolition of a 12.5% pension surcharge for the rich, and a A$3.6bil package to wean people off welfare and back into work.
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