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5 things you need to know today

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Published on: Thursday, April 18, 2019

1. Labor chose to commit to bigger budget surpluses than the Coalition instead of delivering tax cuts for those earning between $90,000 and $120,000, The Sydney Morning Herald and The Age reported citing internal deliberations in the party.

2. Australians earning more than $180,000 are set to receive $77 billion in tax cuts over the next ten years under the Coalition's plan, analysis by the Australia Institute has revealed.

3. As part of Labor's pledge to cut emissions by 45% by 2030, businesses may be forced to spend over $25 billion on international carbon credits according to a report by The Australian.

4. Overnight on Wall Street, the Dow Jones slipped 0.01% to 26,449.54, the S&P 500 fell 0.23% to 2,900.45 and the Nasdaq fell 0.05% to 7,996.08.

5. At least €880 million ($1.39 billion) has already been raised to help rebuild the Notre Dame Cathedral.


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