Patricia Karvelas

We're in a tiny booth in Parliament House in the Budget Lockup.

We've joined forces to bring our podcast together, politics and economics, all at once.

Because, Carrington, that's what this is.

It's a political exercise, but, of course, it's an economic exercise too.

No, I think you should because it means you have fresh eyes because I'm into the –

Decade of more.

Yeah.

Okay.

I've seen big change budgets.

I have.

The big question is, is this the most reforming for a long period of time?

And my argument, my answer is absolutely.

Wow.

I think the changes to the taxation on housing and on trusts, which I really want to get into because it's big, my friends, and really interesting politics – that's the lens I see things through –

are huge, and I think Labor can claim that this is a reforming budget.

That doesn't mean that it will answer all its critics on bigger reforms that they still want, things like the gas tax, that it's not here, things like broader income tax relief.

But what I think is really interesting, and I want to get all of your thoughts pouring over the papers, and I like your fresh eyes, by the way, I think that's good, is that

They've gone hard on taxation on housing and changing the arrangements.

But this smart thing, and it is politically smart, of giving it back to workers, even if it's modest, and making that permanent.

We thought it would be a one-off in the budget leaking before.