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.

The latest Turnbull Government budget proposes that Australia’s progressive tax system be overhauled to put the majority of workers on the same tax rate. This briefing paper models the distributionary effects of the proposal, showing the benefits flow overwhelmingly to the highest income earners.

To deliver tax cuts and budget surpluses, Federal Treasurer, Scott Morrison, will need to stay lucky.

The Turnbull Government has released the 2018-19 federal budget.

This briefing paper shows the recently announced 23.9% tax-to-GDP cap is entirely arbitrary, and that a strict tax cap with no policy change will severely limit choices in government spending.