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2026 federal budget: does anyone care about broken promises?

EPISODE · May 14, 2026 · 36 MIN

2026 federal budget: does anyone care about broken promises?

from Cut Through

The 2026 federal budget was one of the more “memorable” in recent history. Despite the vast majority of measures having already been aired in the media weeks prior, Jim Chalmers kept one major reveal for budget night: a three-part tax reform, winding back the favourable settings of capital gains tax, negative gearing and private trusts.The mainstream media has been bleating about “broken promises”, but do voters actually care if the government changes its mind in pursuit of better policy? Politics editor Bernard Keane and readers’ editor Crystal Andrews discuss what they liked in the budget, what was disappointing and the missed opportunity of the gas export tax. Plus, does Angus Taylor have any hope of improving the Coalition’s fortunes with his budget reply speech? Sign up to Crikey’s free newsletter: https://bit.ly/crikey-newsletterCrikey’s independent journalism is supported by readers — 98% of our revenue comes from our subscribers. We’re not accountable to billionaires; we’re accountable to you. Hosted on Acast. See acast.com/privacy for more information.

What this episode covers

The 2026 federal budget was one of the more “memorable” in recent history. Despite the vast majority of measures having already been aired in the media weeks prior, Jim Chalmers kept one major reveal for budget night: a three-part tax reform, winding back the favourable settings of capital gains tax, negative gearing and private trusts.The mainstream media has been bleating about “broken promises”, but do voters actually care if the government changes its mind in pursuit of better policy? Politics editor Bernard Keane and readers’ editor Crystal Andrews discuss what they liked in the budget, what was disappointing and the missed opportunity of the gas export tax. Plus, does Angus Taylor have any hope of improving the Coalition’s fortunes with his budget reply speech? Sign up to Crikey’s free newsletter: https://bit.ly/crikey-newsletterCrikey’s independent journalism is supported by readers — 98% of our revenue comes from our subscribers. We’re not accountable to billionaires; we’re accountable to you. Hosted on Acast. See acast.com/privacy for more information.

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2026 federal budget: does anyone care about broken promises?

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This episode is 36 minutes long.

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This episode was published on May 14, 2026.

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The 2026 federal budget was one of the more “memorable” in recent history. Despite the vast majority of measures having already been aired in the media weeks prior, Jim Chalmers kept one major reveal for budget night: a three-part tax reform,...

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