Carrington Clarke

And so I think the government is betting on the fact that those people are fired up enough that it offsets

some older people who might be irritated, particularly when it comes to some of these taxation changes around CG2, negative gearing, but also the trusts, that it's going to be a political winner for them.

We'll see.

We know what happened in 2019 when Bill Shorten tried to take similar policies to the election.

Yeah, I think that's right.

And I think the debate going into this election seemed to be whether or not Jim Chalmers, the Treasurer, would be able to convince the rest of the Cabinet to go big, because with the stormy clouds of economic uncertainty around the world, whether or not now was the time.

But he seems to have convinced them that, yes, we have a stonking big majority.

We just won the election.

If we don't do it now, it's only going to get

harder as we get closer to the election, if we fundamentally believe this is the right thing to do for the country, we need to give it a go.

And they are betting that, A, the policies are going to work, that we're not going to see any major problems with the way they're put into place, and also that they're going to have the revenue available to them to maybe offer bigger tax cuts for the next election so that they can say the economy's fairer, but also it's more prosperous.

I don't know if we can ever go back to solos.

What a collaboration, PK.

So much fun.

The way that you were able to pull that synthesizer together.

See you next time, PK.

A brand new federal budget will soon be released with expectations running high that although the energy supply shock has played havoc with economic forecasts, the government will be unveiling major reforms.

Meanwhile, new analysis says that a rethink might be in order for how interest rates impact the labour market.

Welcome to ABC Business Daily.

I'm Carrington Clarke.