Bad budgets 'linger'. Will this one?

Bad budgets 'linger'. Will this one?

Author: ABC Australia May 21, 2026 Duration: 39:00
Politics Now
News
As the Prime Minister Anthony Albanese and Treasurer Jim Chalmers continue their big budget sell, they've faced fierce backlash from small business owners over changes to the CGT discount. While Labor billed this as a "housing reform budget", did they fail to lay the groundwork for broader taxation changes — and have they lost control of the narrative? And Shadow Treasurer Tim Wilson has capitalised on the discontent, laying out vision that backs and rewards "self-starters". So, has he offered up an economic lifeline for Liberals? Fran Kelly and Patricia Karvelas are joined by Phil Coorey, AFR Political Editor on The Party Room. Got a burning question? Send a short voice recording to PK and Fran for Question Time at thepartyroom@abc.net.au  

Keeping up with the political landscape requires more than just reading headlines; it demands understanding the motivations and maneuvers that shape them. That’s the space occupied by Politics Now, the ABC News production hosted by Patricia Karvelas. This podcast goes beyond the initial news alerts to unpack the significant stories from Australia and across the globe, offering a balanced perspective on the strategies driving the day’s events. Each week from Monday to Wednesday, Karvelas is joined by a rotating panel of the ABC’s own seasoned political journalists, dissecting the latest developments with insight and context. The conversation continues on Thursdays with 'The Party Room,' providing further depth. The aim is to deliver reliable, timely analysis whenever major news breaks, placing trusted coverage directly in your feed. For anyone looking to comprehend the real forces behind the news cycle, this podcast serves as an essential, clarifying resource.
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