Politics

AARON PATRICK: Feeling prosperous? Dream of becoming rich? Adverse towards higher taxes? This is not your Budget.

It was billed as the Budget that would restore intergenerational equity, but it has left baby boomers and family trust holders seething.

Investors will be slugged billions in additional tax while working Australians will receive modest relief under a Budget Treasurer Jim Chalmers is hailing as the ‘most ambitious’ in decades.

The Albanese Government will provide $18.2 million over four years to prevent technology failures from marring NAPLAN tests

Aussies will be paying more at the bowser, checkout and building site but the Treasurer is optimistic the Middle East war won’t significantly damage the economy.

The Federal Government will spend $85.2 million fast-tracking migrant tradespeople in hopes it will ease a dire shortage of skilled construction workers.

The worst kept secret in Australian politics is finally out, with the Albanese Government fessing up to a major overhaul of negative gearing and capital gains tax rules for investors.

Jim Chalmers says Australia will avoid a recession but must pursue reform, announcing an expected overhaul of housing taxes and a $250 tax handout for workers.

More than $1 billion of Federal funding earmarked for green hydrogen has been yanked in a major policy U-turn.

Federal Government spending growth will continue vastly outpacing economic activity during an era of weak productivity, sparking fears of even more interest rate rises as cash handouts add to price pressures.

Workers and first homebuyers are among the winners of the Federal Budget while the Government has broken its promise to keep property investor taxes unchanged.

Jim Chalmers says Australia will avoid a recession but must pursue reform, announcing an expected overhaul of housing taxes and a $250 tax handout for workers.

President Donald Trump warned the ceasefire in the Middle East war was on “life support” after rejecting the latest counteroffer from Iran.

The Albanese Government has drawn scorn from political rivals after tabling its response to the Murphy report on gambling reform in the shadow of the budget.

Anthony Albanese and Jim Chalmers have confirmed they are changing tax breaks for property investors in the Budget that will be released later tonight, breaking promises made a year ago to leave them untouched.