Labor to back Coalition's tax cuts but urges caution over budget's business measures

Shadow treasurer Jim Chalmers says Labor needs to make sure Australians getting bang for buck'

Labor has signalled it will back the Morrison government's income tax cuts, and is inclined to support" the multibillion-dollar investment incentives unveiled in Tuesday night's budget, but shadow treasurer Jim Chalmers says the business measures require some consideration.

Ahead of the introduction to parliament of an omnibus bill containing both the household and business measures early on Wednesday, Chalmers said voting for the income tax cuts, which Labor has previously supported, was a given, but the opposition would need a bit more time to process the business incentives.