Labor’s budget promises fairness – does it deliver?
May 13, 2026 •
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.
Labor’s budget promises fairness – does it deliver?
1913 • May 13, 2026
Labor’s budget promises fairness – does it deliver?
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
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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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