Federal Treasurer Wayne Swan says the recent tax cuts were designed to help people struggling with the cost of living. He was speaking in Sydney at the prospectus launch of the Government's National Rental Affordability Scheme (NRAS). The NRAS offers incentives to build new homes for rent at below market rates. Mr Swan says the scheme is a long-term plan. "What we've done immediately is we've delivered the tax cuts which commenced on July 1 and we've also provided additional assistance to families in terms of childcare costs and we've got an education tax rebate out there," he said. "We think it's very important that people that are battling costs of living increases get some financial relief and that was delivered on...
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