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If there was a catchphrase from Treasurer Joe Hockey’s Budget speech last night, it was “fairness and families”.
Gone is last year’s bluster over the “Budget emergency” and “ending the age of entitlement” – including cuts to health, education, pensions, unemployment support and family payments – replaced by immediate hand-outs and tax relief for small businesses, along with more funding for families by way of childcare.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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