Mookhey may need a wages miracle to land this budget
NSW is sucking extra tax out of the asset-rich, property-owning class that has enjoyed a massive asset price boom to spend more on government services, housing and public sector employees.
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
