Labor unveils 'ambitious' plan for tax reset in 2026 budget | ABC NEWS

The Treasurer Jim Chalmers has announced major changes to negative gearing, trusts, and the capital gains tax discount, all to address a housing crisis the government says has locked young people out of home ownership and is straining our social fabric.
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2026-05-12/federal-budget-2026-live-may-12/106668626

Note: In most cases, our captions are auto-generated.

#ABCNEWS #ABCNEWSAustralia