Brisbane Times
·general
·1 hour ago
Albanese gambles on support from younger Australians as he dramatically shifts wealth
Prime Minister Anthony Albanese used the 2026 federal budget to shift wealth from older Australians to younger wage earners, overhauling negative gearing, capital gains tax, and trusts despite breaking his election promise. Treasurer Jim Chalmers said the reforms aim to help 75,000 first-home buyers and slow house price growth by two percent.
Summary by Glance · Brisbane Times
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