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The Latest Breaking News from Jim Chalmers

Budget brawl escalates over rival tax cut proposals

The government has conceded its budget is unlikely to win immediate support from voters as Labor and Liberals taking aim at each others' policies.

AAP

Jim Chalmers wants to make Australia more fair – but is it enough to stave off the threat from One Nation?

Labor’s bid to tackle intergenerational equity and woo disenfranchised voters won’t land unless it’s the start of long-term action

The Guardian - AU

How housing became a generational budget battleground

Pitting investors against first home buyers in the name of intergenerational equity, Labor's fifth budget aims to address young people's housing struggles.

AAP

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Getting down in the mud with Pauline Hanson won’t help Angus Taylor – but principled policy could

The Coalition should seek differentiation from One Nation with policies like the indexation proposal rather than the crass convenience of grievance politics

The Guardian - AU

Afternoon Update: Hanson bills taxpayers $16k for flood flights; Taylor’s ‘race to the bottom’; and Delta Goodrem’s ‘ripper’ performance

One Nation leader previously claimed the trip aboard Gina Rinehart’s plane was at ‘no cost to the taxpayer’

The Guardian - AU

'Where the bloody hell are ya?': NZ's budget sledge

New Zealand is campaigning for Australian talent off the back of major tax reforms in the budget, with the Kiwi government also whacking the broken promise.

AAP

Labor’s budget will benefit the young – but does little to woo voters drawn to One Nation

Jim Chalmers’ budget tips the scales in favour of younger and less well-off households – but it’s middle-class gen X that are turning to the rightwing party

The Guardian - AU

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Grattan on Friday: Taylor’s bold budget reply is a mix of sound and dubious policy commitments

Angus Taylor might have reckoned he and the opposition are in such deep doo-doo that he might as well throw everything at Thursday night’s budget reply.

The Conversation

Politics with Michelle Grattan: Jim Chalmers says ‘we’re in the cart’ for more tax relief

Treasurer Jim Chalmers has declared “no other budget in the 2000s has set out this much responsible budget repair and this much economic reform.”

The Conversation

Why budget rhetoric won’t match reality for many younger Australians

Figures show the treasurer’s reforms will make the tax system fairer but some will not have the advantages enjoyed by their parents

The Guardian - AU

Australia expects nearly one million migrants over the next four years

Australia anticipates nearly one million new migrants by July 2029. This projection fuels political debate over housing shortages and immigration numbers. Government figures show migration is expected to remain high. Opposition parties are pushing for stricter controls. The issue is a major concern for the public ahead of elections.

The Economic Times

Up in smoke: budget loses $8b more to illicit tobacco

Treasurer Jim Chalmers has continued to resist calls to lower the tobacco excise despite the cigarette black market causing another downgrade in budget revenue.

AAP

Labor faces parliament challenge to budget tax reform

The treasurer will need to get the Greens or the coalition on board in order to make sweeping changes in his fifth budget a reality.

AAP

A Zara dress, the Jim Reaper and a communist state: how Australia’s media interpreted the budget

The Murdoch papers sharpened their sickles and hammered Jim Chalmers’ budget for ‘the most radical redistribution of wealth since the Whitlam era’

The Guardian - AU

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AAP

Business sector urges Canberra to tackle red-tape cuts

A powerful alliance of business groups has given the federal budget a tick but says Labor needs to take bigger steps to rid the sector of costly red tape.

AAP

Australian spy plane to aid Hormuz shipping mission

A defensive effort to safeguard shipping in the Strait of Hormuz will be aided by an Australian E-7A Wedgetail as part of a global mission.

The Guardian - AU

Morning Mail: Chalmers sells budget as ‘road to reform’, Starmer fights on in UK, why the gothic look is back

Jim Chalmers delivers ambitious program for tax change and intergenerational fairness

AAP

Labor tucks away $77b war chest for further tax cuts

A new $250 a year tax offset gives the government an option to return bracket creep directly to working Australians, Treasurer Jim Chalmers says.

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AAP

Budget spending stokes fears of further rate rise pain

An extra $114 billion in federal government spending will be directed off-budget as the treasurer claims a "historically responsible" fiscal update.

The Guardian - AU

What the budget means for your generation – gen Z, millennial, gen X or boomer

Jim Chalmers has sold the budget as a historic shift in favour of intergenerational fairness. Four Guardian Australia staff members assess what it means for their age group

The Guardian - AU

Budget capital gains tax changes and negative gearing reform explained

Negative gearing, capital gains tax and family trusts are all facing a big shake-up in the name of intergenerational fairness. How will it all work?

AAP

Small businesses win as popular supports made permanent

Two supports for small businesses will be made permanent as part of a $3.5 billion tax relief package outlined in the federal budget.

The Conversation

Get ready for a budget slowdown. But Chalmers insists we won’t see a recession

Treasurer Jim Chalmers has called his budget “ambitious in the face of adversity”.

The Conversation

Budget 2026 brings a small tax handout to workers and a crackdown on tax breaks and trusts

All working Australians will receive a permanent $250 “tax offset” from next year in Treasurer Jim Chalmers fifth budget, which also cracks down on tax breaks for housing investors and trusts.

The Guardian - AU

Budget 2026 Australia: Jim Chalmers goes for broke in federal budget facing twin threats of housing pain and Iran war disaster

Labor’s ambitious and politically risky tax reform aims to help first home buyers and foster intergenerational fairness

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