Comment: What MAFS and the budget have in common - more than you think l JacquelineMaley
. Some of the promised tax cuts will not appear until 2024, five years hence, which is a fictional proposition in any budget, but particularly in one that takes place immediately before an election when the government is likely to change.The budget was predicated on assumptions which may fall apart in the face of weakening global economic conditions, deteriorating household spending and a housing slump.
The delivery of the budget, the deployment of all those Treasury wonks and the corralling of all those journalists, is one of the great advantages of incumbency, but this year it had a last-day-of-school feeling to it, and no one pays attention at the end of term. Shorten’s rhetoric did not soar , but there was a clear line out of his speech: Labor will mostly match the tax Coalition’s tax cuts, and it will ensure cancer patients will not have out-of-pocket expenses.
Shorten turned the question away from personality and back to policy issues - wages growth, climate change, housing affordability.
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