Ten million Australians will receive a one-off $420 (US$315) tax offset to assist with the ballooning cost of living, while six million welfare recipients will get a $250 cash payment in the 2022-23 federal budget. Treasurer Josh Frydenberg unveiled the details of the anticipated “temporary, targeted, and responsible” cost of living relief package on Tuesday evening. The tax offset will leave low and middle-income earners $3,000 (US$2,250) better off in a dual-income household or $1,500 better off for a single income household. The fuel excise tax will also be cut in half, down 22 cents a litre for the next six months. This is expected to save a family with two cars filling up once a week around $30 a week, or $700 in total. “Events abroad are pushing up the cost of living at home. Higher fuel, food and shipping costs are increasing inflation and stretching household budgets,” Frydenberg told …