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'Time Has Come': Shorten Backs Budget's Broken Promise

Bill Shorten says the change is fair and could help buyers facing high housing costs, even as it breaks Labor's election pledge.

  • Bill Shorten defended Anthony Albanese's government on Tuesday as it prepares to break an election promise over negative gearing in the upcoming Federal Budget, arguing fairness should take precedence.
  • Labor is betting the electorate will reward the policy shift prioritizing housing affordability, despite Shorten having unsuccessfully taken negative gearing reform to the 2019 election.
  • Shorten compared the change to previous tax adjustments favoring 13 million to 14 million winners, telling AAP, 'It's an idea whose time has well and truly come.'
  • Adviser Sean Kelly argues broken promises can be powerful with voters, contending 'it's a betrayal can have an emotional element' complicating the government's political calculation.
  • For Julia Gillard, factors like 'a wall of misogyny' influenced voter perception of her broken carbon tax promise, Kelly noted, illustrating how context shapes political consequences of broken pledges.
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12 Articles

PerthNowPerthNow
+5 Reposted by 5 other sources
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'Time has come': Shorten backs budget's broken promise

After unsuccessfully campaigning on negative gearing changes while Labor leader, Bill Shorten says he would welcome a policy shift in the federal budget.

·City of Perth, Australia
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farmweekly.com.aufarmweekly.com.au
+4 Reposted by 4 other sources

CGT, negative gearing overhaul: Labor set to break two election promises

Treasurer Jim Chalmers reveals budget plans to overhaul negative gearing and capital gains tax, breaking election promises, as well as trusts.

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  • 72% of the sources lean Left
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Queensland Country Life broke the news on Monday, May 11, 2026.
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