Australia news LIVE: Tax cuts pass the Senate; Dutton revives Morrison’s petrol policy

Shadow Treasurer Angus Taylor says the Coalition’s fuel excise cut is “temporary, targeted and responsible” as he promotes the opposition’s key cost of living proposal.

After denying the fuel excise was the Coalition’s version of an election bribe, Taylor said those under the most stress in our economy were mortgage-holders in the suburbs and regions, who are “often double-income families with two cars”.

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“This is temporary, it’s very targeted, it’s responsible and it’s focused on that group that we think are under the most pressure at this time given Labor’s cost-of-living crisis,” he told ABC News Breakfast.

Taylor defended its temporary nature, arguing it was aimed at solving the underlying cost and standard of living crisis and therefore was only needed short term.

“What Labor is doing by doing something permanent is telling us we’re going to have a permanent cost of living crisis.”

He added that a two-car household would save on average $28 a week or $1500 a year.

Read more about the policy announcement here.