Jim Chalmers knew he would be branded a liar as he prepared the budget that he and Prime Minister Anthony Albanese have now conceded more than 39 times backflipped on election promises.
Jim Chalmers knew he would be branded a liar as he prepared the budget. He and the Prime Minister conceded 39 times on Wednesday that they backflipped on their election promise.
The Federal Budget plan to make property investment less tax-friendly could also leave ordinary shareholders and startups paying more when they sell their respective shares or businesses.
Young Australians who buy properties to rent out so they can eventually sell them to buy their dream house in a big city are the biggest losers in Labor’s negative gearing and capital gains tax changes.
JENI O’DOWD: Tuesday’s Federal Budget confirmed what many Australians already suspected: despite mounting pressure on housing, infrastructure and the cost of living, Labor has no intention of slowing migration.
LATIKA M BOURKE: Anthony Albanese and Jim Chalmers are betting their massive majority can succeed where Bill Shorten’s controversial tax agenda once failed.