Red Scares: The Budget and the Backlash

From accusations of “broken promises” to cries of socialism, class warfare and even communism, the media reaction to the Albanese Government’s federal budget has been fierce. But how radical are the reforms actually being proposed? This week, Tina Quinn examines the political and media framing surrounding the budget — from the rhetoric around debt, aspiration and intergenerational burden, to the backlash over modest changes to negative gearing and capital gains tax concessions. First, Tina speaks with Ben English, editor of The Daily Telegraph, whose paper branded Treasurer Jim Chalmers’ budget a “big-taxing communist manifesto.” Then, a panel featuring Phil Coorey (Political Editor, Australian Financial Review), Shalailah Medhora from (Political Reporter for Hack, Triple J), Jason Koutsoukis (Special Correspondent, The Saturday Paper), and Kalila Welch (Cheek Media), unpack the politics, economics, lobbyists, scare campaigns and media narratives shaping the national debate. Is this meaningful reform — or moral panic? And if even soft changes provoke this level of outrage, what does that say about the future of economic reform in Australia? Learn more about your ad choices. Visit megaphone.fm/adchoices