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Did Labor's 'reform budget' deliver? episode artwork

EPISODE · May 12, 2026 · 23 MIN

Did Labor's 'reform budget' deliver?

from Politics Now · host Australian Broadcasting Corporation

Treasurer Jim Chalmers has unveiled his highly anticipated fifth budget, claiming it's the "most ambitious and important in decades".Housing tax reform was the centrepiece of the wartime budget, with changes to negative gearing and the capital gains tax discount announced.Labor says the reforms will allow 75,000 new people to afford their first home, but does the move go far enough to address intergenerational inequity? Will voters reward them for taking a risk - or punish them for "breaking a promise"?And as inflation continues to surge, how healthy is the budget bottom line?Patricia Karvelas and Carrington Clarke break it all down from the budget lock-up on this Politics Now x ABC Business Daily special episode.Got a burning question?Send a short voice recording to PK and Fran for Question Time at [email protected]

What this episode covers

Treasurer Jim Chalmers has unveiled his highly anticipated fifth budget, claiming it's the "most ambitious and important in decades". Housing tax reform was the centrepiece of the wartime budget, with changes to negative gearing and the capital gains tax discount announced. Labor says the reforms will allow 75,000 new people to afford their first home, but does the move go far enough to address intergenerational inequity? Will voters reward them for taking a risk - or punish them for "breaking a promise"? And as inflation continues to surge, how healthy is the budget bottom line? Patricia Karvelas and Carrington Clarke break it all down from the budget lock-up on this Politics Now x ABC Business Daily special episode. Got a burning question? Send a short voice recording to PK and Fran for Question Time at [email protected]

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Did Labor's 'reform budget' deliver?

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How long is this episode of Politics Now?

This episode is 23 minutes long.

When was this Politics Now episode published?

This episode was published on May 12, 2026.

What is this episode about?

Treasurer Jim Chalmers has unveiled his highly anticipated fifth budget, claiming it's the "most ambitious and important in decades".Housing tax reform was the centrepiece of the wartime budget, with changes to negative gearing and the capital...

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