Government Faces Scrutiny as Parliament Returns, Eyes Economic Reform

The Albanese government faces scrutiny as parliament returns, focusing on election promises and new policies for next month's economic roundtable. Labor will introduce legislation to cut PBS medicine prices to $25 and pass HECS loan cuts.

The government will face questions about its plans for the August roundtable, where Treasurer Chalmers is open to tax changes. The Business Council of Australia proposes increasing R&D tax credits.

A pre-roundtable forum discussed company tax reform and budget sustainability, suggesting spending cuts, higher taxes, and economic growth policies. Potential tax targets include resource rent tax and super concessions.

While Chalmers is open to change, Albanese emphasizes the roundtable's focus on economic growth. The Coalition is likely to oppose tax increases and is dealing with internal disagreements about net zero targets.