By Stephen Johnson For Daily Mail Australia
Published: 02:30 BST, 10 May 2019 | Updated: 02:39 BST, 10 May 2019
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Bill Shorten's big-spending election promises will be offset by $154billion tax grab over the next decade as Labor moved to assure voters it can properly manage the economy.
With eight days to go until the election, Labor released its costings showing how it would pay for its $120billion spending spree on everything from free childcare and dental to expanded health cover and multi-billion investments in renewable energy projects.
Shadow treasurer Chris Bowen promised a Labor government would deliver bigger and faster surpluses than the Coalition by cracking down on negative gearing, trusts and tax loopholes.
Prime Minister Scott Morrison has argued that Australian could not afford a big-spending Labor government.
Labor is planning to raise taxes by $154billion over the next decade to fund its lavish election promises (pictured is Opposition Leader Bill Shorten with his wife Chloe in Brisbane)
Labor's health, childcare, education and climate change policies add up to more than $120billion over the next decade, as it also vows to slash Australia's carbon emissions by 45 per cent within 11 years.
To pay for those promises, Mr Bowen and the Opposition's finance spokesman Jim Chalmers have released Labor's costing, showing they can find budget savings of $154billion over the next decade.
They are also vowing to deliver bigger budget surpluses than the Coalition over the next four years, while putting extra money into health and education and
