Politics

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.

Albanese’s Labor has demonstrated it has placed its naked pursuit of power above principle, honesty and accountability.

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.

Experts remain cautious over how much controversial Budget tax hikes on investors will do to help younger people buy their first home.

AARON PATRICK: Voters can forgive politicians for lying. But the taxation changes could trigger big falls in property prices that hurt millions.

A small uptick in investor activity is being tipped despite negative gearing being restricted to brand new properties from July next year.

Once again, the Labor Government is gaslighting us by claiming their investment tax reforms are motivated by ‘intergenerational fairness’.

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.

The United States could end the month-old ceasefire and resume its attacks on Iran, President Donald Trump and Defense Secretary Pete Hegseth said.

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.

Economists from Australia’s biggest bank said interest rates could rise following the Budget, which will spend an extra $6.5 billion.

LATIKA M BOURKE: Anthony Albanese and Jim Chalmers are betting their massive majority can succeed where Bill Shorten’s controversial tax agenda once failed.

There are positive and negatives for homeowners in this year’s Federal Budget. Here’s everything you need to know.