Budget 2017 is one that Labor might like to deliver
This is a bold budget that faces up to the reality of a parliament that wants tax increases rather than spending cuts.
This is a bold budget that faces up to the reality of a parliament that wants tax increases rather than spending cuts. Scott Morrison is abandoning unpopular savings that are blocked in the Senate and imposing two big taxes to take their place — a hit on the big five banks and a Medicare levy increase that hits millions of workers.
Middle class welfare is definitely on the way out, but families may benefit from housing affordability measures. Big spending on infrastructure could well be a boon for nation building. Treasury has attempted to prepare a conservative set of economic forecasts, but how will business view the government’s attack on the big banks?
Our experts deliver their verdicts on Scott Morrison’s 2017 budget (reading this on a smartphone? Click here for best viewing experience):
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