Politics podcast: Chris Bowen on the budget and Labor's policies

Ahead of Tuesday’s budget that will unveil the goverment’s tax cut plans, the Coalition is painting Labor as the big taxing party, while the ALP is attacking the government’s push to cut company tax for big business. Meanwhile the Business Council of Australia is taking its message to the public with a grassroots campaign.

Shadow treasurer Chris Bowen tells The Conversation he accepts that big business will “lobby on their own path”. “Clearly we have a difference of view with the Business Council,” he says, though not with every member of it. “Some members of the Business Council say they don’t see the business tax cut as a business priority.”

On budget repair, Bowen he says that “getting back to budget balance is very, very important, and not just budget balance but a good healthy budget surplus of at least 1% of GDP.”

Michelle Grattan owns bank shares.