Breakfast Wrap: Shorten vindicated by budget tax reforms

Former Labor Opposition leader Bill Shorten says he's vindicated by negative gearing changes introduced by the Treasurer in last night's budget. Mr Shorten attempted to bring in similar tax reforms in the 2019 election campaign that he ultimately lost to Scott Morrison. Mr Shorten shares his views first with Radio National Breakfast.  Then, we get the latest analysis on the budget from Tom Crowley, and hear from the Treasurer and Shadow Treasurer. Recap the morning's news, politics and global affairs with the Breakfast Wrap.