The Coalition is likely to support the federal Labor government's tax cut changes after a Liberal party room meeting. Although the party has agreed to push amendments to Labor's bill, they expect them to be defeated and will not oppose the updated legislation further. The Liberal Party's proposed amendments aim to align the tax legislation with that of the previous Morrison government. Under the changes, the second tax bracket will be lowered to 30% until someone earns $135,000, and the top tax rate threshold will increase to $190,000. The changes will take effect on July 1.

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