Jun 25, 2026 – 6.19pmThe Albanese government’s tax back-downs will leave a $1 billion hole in the budget, but the costs could soar by $1.5 billion every month if the National Disability Insurance Scheme reforms are delayed beyond October.Treasury has separately revealed that 85 per cent of the tax revenue to be raised from Labor’s higher taxes on investors will come from a crackdown on negative gearing. A modest 15 per cent of the expected $3.5 billion will come from axing the 50 per cent capital gains tax in the first four years.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Chalmers’ back-downs on tax measures to cost $1b
The federal budget also faces a huge spike in spending if crucial NDIS reforms are delayed past October, which will dwarf the recent tax U-turns.
114 words~1 min read
