Breakfast

The federal Budget took some tentative steps towards scaling back so-called middle class welfare. It's slapping a means test on the baby bonus from January 1 next year, and on the Family Tax Benefit, aimed at helping stay-at-home mums, from July 1. These benefits will now be withheld from families where the principal income earner makes more than $150,000 a year. Some higher-income families, though, are crying foul. They say it's not fair to describe them as well-off, not when they are paying big mortgages in expensive cities like Sydney. But others say the Budget reforms don't go far enough.

Guests

Paul Kerin
Professorial fellow in Strategy at the Melbourne Business School.

Reporter

Sheryle Bagwell, Breakfast Business Editor

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