Well, it's not really a budget is it, because it's only going to be implemented if the Libs win, which they probably won't.
But what I love about this budget is that it locks in tax cuts across the board. Poor, middle or rich, you get a tax cut, at some stage.
What this does too is it commits Labor to (1) matching the tax cuts for poor/middle income earners - that's great, everyone can benefit from paying a little less tax and (2) it prevents Labor from hiking the tax rates too highly on high-income earners, lest they be accused of soaking the rich.
So I think what the Libs have done very well is set the stage for some (much-needed) reform of our personal income tax rules, which currently are the second-highest in the OECD in terms of income tax:GDP ratio. Time we cut that down a little bit.
What are your views on the budget/budget reply (when it happens)? Will the tax cuts help you to retire a little bit earlier?