Labor’s budget promised reform, but delivered only half measures

Treasurer Jim Chalmers delivered Labor's second-term budget last night, citing "future generations" eight times while announcing tax reforms on negative gearing and capital gains. However, the government received mixed grades: B on tax reform due to grandfathering existing investors, A- on housing, and F on university fees. Critics argue half measures fall short of addressing intergenerational inequality.

Summary by Glance · SMH