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May 15, 2026 — 4:20pm

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How good. The government is not only useless at spending your money, it now wants more of it.

As expected, this week the two things that the Labor Party promised a year ago would not be touched – the capital gains discount and negative gearing – have popped up in what is being hailed by holes-in-his-pockets treasurer Jim Chalmers as the “most ambitious budget in decades”.