Jim Chalmers defends his budget
May 21, 2026 •
For two decades, we’ve had a tax policy that pushed up house prices, gave landlords huge advantages, and ultimately created an intergenerational wealth divide.
A week ago, the government said it wanted to do something about that and announced changes to negative gearing and capital gains tax.
But the budget hasn’t gone down well – for some, it doesn’t go far enough to make a real difference to the housing market. For others, particularly in business, changes to capital gains go too far.
Today, Treasurer Jim Chalmers defends his budget.
If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.
Jim Chalmers defends his budget
1922 • May 21, 2026
Jim Chalmers defends his budget
For two decades, we’ve had a tax policy that pushed up house prices, gave landlords huge advantages, and ultimately created an intergenerational wealth divide.
A week ago, the government said it wanted to do something about that and announced changes to negative gearing and capital gains tax.
But the budget hasn’t gone down well – for some, it doesn’t go far enough to make a real difference to the housing market. For others, particularly in business, changes to capital gains go too far.
Today, Treasurer Jim Chalmers defends his budget.
If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.
Guest: Treasurer Jim Chalmers
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7am is a daily show from Solstice Media.
It’s made by Arielle Richards, Atticus Bastow, Chris Dengate, Daniel James, Krystal Keller, Ruby Jones, Travis Evans and Zoltan Fecso.
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