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On Tuesday 8 May 2018, the Australian government unveiled its budget proposal and associated vision for policy priorities. NATSEM independently modelled some selected budget measures, including the multi-step tax reform, reverted medicare levy increase and more. This brochure briefly reports some of the findings.
This NATSEM analysis finds that given the wide range of tax changes and the energy payment, nearly 85% of Australian families will be affected by at least one measure of the tax and transfer policy changes, and nearly 90% of the population.