Jim Chalmers just CONCEDED his May Budget tax āreformsā could hammer small businesses.
He brags about āgenerousā carve outs lifting the threshold to $10m, but then admits for everyone else it ādepends on inflation and marginal tax ratesā - some will be WORSE OFF.
The Australian Investment Council calls his Innovative Business CGT concession ātoo narrow, too complex and wonāt help start ups to scaleā
Even Laborās own Chris Minns is warning the party: stop obsessing over tax grabs and focus on growing the economy instead of shrinking it.
This is what Laborās big āreformā looks like - spin, backdowns and economic self sabotage.
Small business owners: how much more of this can you cop?
You canāt go anywhere without hearing pure hatred for Albanese. The man is a pathological liar. We are being governed by a mob of untrustworthy frauds who view everyday Australians with absolute contempt.
The total combined net expenditure for Anthony Albanese, Chris Bowen, Penny Wong, and Jim Chalmers for the January to March 2026 quarter is $2,254,256.07.
$2.254 million on the credit card in 3 months between these leeches.
The Australian people will finally get a fair share of their oil and gas resources under a ground-breaking new policy launched by One Nation on Thursday.
The policy will foster more exploration and development of Australia's world-class energy reserves and secure domestic supplies for energy production and critical industries like fertiliser manufacturing and liquid fuel refining.
The policy will give the industry a 30% rebate on oil and gas exploration in Commonwealth waters. In exchange, the Commonwealth would take up to a 30% non-operating equity stake in production licences through a new taxpayer-owned investment vehicle: the Australian Natural Wealth Investment Corporation (ANWIC).
ANWIC will use its share of gas and oil to meet domestic demand first, and export the surplus. Profits from the sale of taxpayer-owned gas and oil will be put in a sovereign wealth fund, and also used to pay off the nation's $1 trillion debt. The corporation would also share in 30% of costs, including the all-important decommissioning phase when the wells cease production.
One Nation will also replace the no-longer-fit-for-purpose Petroleum Rent Resource Tax on industry profits with a royalty on industry production, giving the industry more certainty and the Australian people a fairer return.
One Nation will fight to:
ā Keep more Australian gas in Australia
ā Lower household energy costs
ā Support local manufacturing
ā Secure reliable energy for the future
#BREAKING Karl Stefanovic has blasted Treasurer Jim Chalmersā budget, accusing him of lying to the Australian public over looming negative gearing and capital gains tax backflips.
āWhatever happened to āmy word is my bondā?ā Stefanovic raged.
āObviously, you donāt give a rats about lying to the publicā
Tim Wilson then accused Chalmers of lying to voters in Tuesdayās budget.
āBefore the last election, the Prime Minister was very clear that there was going to be no new increased taxes on property, on trusts, on negative gearing,ā Mr Wilson said.
Alboās now coming for our investment properties that we busted our asses for.
You canāt hate this Government enough.
Grok does a decent job of tracking Australian Prime Minister Anthony Albanese Lies⦠Did it miss any?
Here we go:
Broken promises, backflips and lies by Anthony Albanese since 2022:
⢠Promised household power bills would be $275 cheaper a year by 2025. Prices rose instead.
⢠Promised second stage power price cuts after 2025. Pulled the plug on rebates at end of 2025 with no further cuts delivered.
⢠Promised to keep Coalitionās stage three tax cuts exactly as planned with no changes. Changed and restructured them.
⢠Promised no changes to superannuation. Introduced new tax on balances over $3 million.
⢠Promised real wages would grow and rise above pre-election levels. Failed to deliver.
⢠Promised 450 gigalitres of environmental water under Murray-Darling Basin Plan. Delivered only 27.5 gigalitres.
⢠Promised 50 urgent care clinics by his own deadline. Missed the deadline.
⢠Promised new Pacific Engagement Visa by his own deadline. Missed the deadline.
⢠Promised Makarrata Commission for truth-telling and treaty. Abandoned it after Voice referendum failed.
⢠Promised no changes to negative gearing. Now pushing or allowing changes.
⢠Promised long-term immigration planning locked in. Walked away from it.
⢠Promised 42.5% Commonwealth funding of hospital costs by 2030 with no caps. Walked back and added funding caps.
⢠Promised to deliver on every single election commitment. Broke multiple as listed.
⢠Backflipped on removing sexuality, gender identity and sexual variation questions from 2026 census.
⢠Initially refused royal commission into Bondi terror attack and rising antisemitism. Backflipped and announced one.
⢠Backflipped on hate speech legislation by splitting the bill to get it through Parliament.
⢠Lied about falling off the stage during 2025 campaign event. Video showed he tumbled off; he repeatedly denied it and claimed he just stepped back one step and was fine.
⢠Removed the RMIT ABC election promise tracker amid scrutiny over broken pledges.
⢠Promised to buy back Darwin Port from Chinese ownership before 2025 election. Still in Chinese hands, promise not delivered.
⢠Promised a royal commission into the COVID-19 response. Delivered a watered-down inquiry instead and blocked calls for a full royal commission.
⢠Promised a new era of transparency and open government plus FOI reform so laws couldnāt be flouted. FOI refusal rates nearly doubled to 23 per cent and full disclosures hit historic lows.