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Labor’s budget promises fairness – does it deliver?
17 minutes Posted May 12, 2026 at 7:00 pm.
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It was a budget framed around fairness for workers and for young people locked out of the housing market. 

Treasurer Jim Chalmers’ fifth budget restricts negative gearing – though not for anyone who was already doing it – while also promising to increase housing supply and deliver a $250 tax cut for workers. 

Chalmers wants the budget to be seen as ambitious – but is it? 

Today, press gallery journalist Karen Middleton, on what the Treasurer is promising - and whether it delivers. 

 

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Guest: Press gallery journalist, Karen Middleton

Photo: AAP Image/Lukas Coch

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