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Speaker 1: Jersey and Amanda jam Nation. Well.

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Speaker 2: The twenty twenty five federal budget took place in Canberra overnight,

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Speaker 2: Treasurer Jim Chalmers hanging down his seventeen billion dollar budget plan.

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Speaker 2: There's a lot to unpack. Who are the winners, who

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Speaker 2: are the losers. We're joined now by seven News political

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Speaker 2: editor Mike Riley.

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Speaker 1: Hello, Mark hey MANA Hey Jasey, Mark.

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Speaker 3: What are you going to do with that five? But

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Speaker 3: you're getting ex for a week now?

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Speaker 1: Oh well, I don't know. Maybe I'll buy an old

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Speaker 1: sting cyd or police leed. You know, there's a bit

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Speaker 1: of controversy about that. You know, five dollars next year,

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Speaker 1: five dollars a year after, and it's going to be

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Speaker 1: the central debate now on the election campaign. It's all

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Speaker 1: about tax. Is always going to be about cost of living,

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Speaker 1: but now it's going to be about tax. Last night,

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Speaker 1: Angus Taylor, the Shadow Treasurer, was saying it was an

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Speaker 1: offensive small amount and that they're going to vote against it.

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Speaker 1: Pretty brave move to send in the way of any

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Speaker 1: tax cut, frankly, so they've got an alternative that there

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Speaker 1: is more too. Jim Charmers explained it as a top

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Speaker 1: up payment, so top up tax cut. So we're getting

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Speaker 1: forty dollars average off a week through the Stage three

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Speaker 1: tax cuts, and this is an additional two five dollars

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Speaker 1: on top of that to fifty dollars in two years,

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Speaker 1: which means that as you're paying more taxing what we

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Speaker 1: call bracket creep. Isn't it a great term? As you

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Speaker 1: creep up the tax brackets as your wage increases and

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Speaker 1: you pay more in tax, governments get billions of dollars

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Speaker 1: out of that. This will return that money back into

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Speaker 1: your pocket. So it's a way of approaching bracket creep.

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Speaker 1: So people don't get bigger tax bills, like exponentially bigger

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Speaker 1: tax bills, they earn a little bit more.

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Speaker 2: And who are the other winners? What do you think

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Speaker 2: was the big brush strike.

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Speaker 1: Brought everyone the winner? You know this is a pre

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Speaker 1: election budget, so you know the list of winners is

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Speaker 1: as long as your arm. And the losers are mostly

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Speaker 1: foreign investors and other people who don't place. And it's

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Speaker 1: almost in every area. Think about a lot of the

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Speaker 1: bigger announcements from maybe before this budget, right, they didn't

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Speaker 1: really expect to have it. We thought we'd be after

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Speaker 1: the races on an election campaign, this would be week three,

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Speaker 1: but if not for ex cyclone Alfred, that changed all

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Speaker 1: the plans. So this is really option but having the

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Speaker 1: budget and then waiting for a later election. So we

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Speaker 1: know the big stuff, like the eight point five billion

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Speaker 1: dollars to increase bulk billings, so you go to the doctor,

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Speaker 1: you don't pay a gap if you can find a

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Speaker 1: bulk billing doctor, and there'll be more of them with

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Speaker 1: those incentives. You've got the urgent care clinics. We know

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Speaker 1: about one hundred and fifty dollars in the energy rebate

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Speaker 1: which has been extended, so seventy five dollars a quarter

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Speaker 1: for every quarter up until the end of this year.

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Speaker 1: Then the government will review that, so that helps a bit.

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Speaker 1: And you know, there was a number of other smaller

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Speaker 1: announcements are made along the way to this budget we

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Speaker 1: already knew about in the In particular, are a few things

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Speaker 1: here that are quite interesting. I reckon. The one that's

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Speaker 1: a bit of a sleeper is these non compete clauses

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Speaker 1: in contracts. So I must admit I was a little

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Speaker 1: bit surprised by how widespread these are. So you're talking

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Speaker 1: about now this is not high flying execs or there,

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Speaker 1: I say, radio stars who have these here the golden handcuffs.

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Speaker 1: This is in industries like construction and hairdressers and childcare,

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Speaker 1: and these non compete clauses essentially shackle you to a job,

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Speaker 1: so you if someone offers you more money to go

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Speaker 1: somewhere else, you're prevented from doing that. And they've just

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Speaker 1: sort of wheedled their way into contracts over years and

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Speaker 1: by by stealth and spread. Last night, Jim Charmons was

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Speaker 1: saying about a million workers who had these components as

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Speaker 1: part of the contracts and probably aren't aware of it.

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Speaker 1: So what they're going to do is ban that. That

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Speaker 1: means that you have a little bit more flexibility in

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Speaker 1: your work life. You can take that other job, and

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Speaker 1: the analysis the Treasury is done says that if you do,

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Speaker 1: you're probably about two and a half thousand dollars better

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Speaker 1: off a year in higher wages by being unshackled from

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Speaker 1: these contracts. It's pretty big.

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Speaker 3: It's good news for us because next year we are

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Speaker 3: starting up our own barber salon. Oh yeah, mullet, whatever

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Speaker 3: you want, Mark whatever.

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Speaker 1: I wouldn't mind going back to the mart. You know,

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Speaker 1: I'm turning blonde again or sort of grond.

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Speaker 2: But anyway, as you do, you think this is an

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Speaker 2: election winning budget if.

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Speaker 1: Certainly, if they're good enough, Amanda, that's the point. You know,

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Speaker 1: what they've got is exactly what they wanted, which is

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Speaker 1: a fight on cost of living and tax relief. So

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Speaker 1: we don't know what the other side of that fight

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Speaker 1: is yet. We don't know what the oppositions packing will

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Speaker 1: find out on Thursday night when it does his budget reply,

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Speaker 1: So they're going to have to have something that's bigger

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Speaker 1: and better than this because they're standing in the way

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Speaker 1: that tax cut. So but if if the government's good enough,

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Speaker 1: yes it can win on this. The point, really, I

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Speaker 1: think is that what I've been sensing over the last

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Speaker 1: few weeks is the government's just starting to get something

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Speaker 1: that it hasn't had for six months, and that's a

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Speaker 1: little bit of momentum. It's not huge, but things are

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Speaker 1: just starting to move in its favor a little bit,

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Speaker 1: so the poles are turned over. It was fifty one

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Speaker 1: forty nine behind, it's now fifty one to forty nine ahead.

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Speaker 1: It's only a little bit, but it's enough. And in

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Speaker 1: this game, when you get momentum, you build it, you

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Speaker 1: chuck a saddle on it, you jump on it, and

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Speaker 1: you write it to an election as quickly as it can.

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Speaker 1: So I reckon, I reckon, They're off on the weekend.

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Speaker 3: That's a good analogy. We sit down there for the

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Speaker 3: grind or or the Dunton Special, which is totally all wrong.

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Speaker 3: Mike Riley, thank you for joining us for all the

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Speaker 3: latest coverage What's seven News tonight at six on seven

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Speaker 3: make Riley thank you

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Speaker 1: Thanks so much, going thanks Marke