Sweeping tax reform package unveiled — and the middle class is divided

After months of speculation, the federal government has finally unveiled its long-promised tax reform package. The document, running to more than four hundred pages, reshapes brackets, rebates, and offset rules for the first time in over a decade.

Supporters argue the changes deliver overdue relief to working families and small business owners, while critics counter that the headline cuts are heavily skewed toward higher-income earners once secondary provisions are factored in.

Economists are still poring over the modelling, but early analysis suggests that single-income households with children will be among the biggest winners — at least in the first two years of implementation.