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Treasurer on broken election promises in the budget

ABC Australia · May 12, 2026, 12:00 PM · Also reported by 1 other source

Why this matters: an international story with cross-border implications worth tracking.

Jim Chalmers says he won't be surprised if there's backlash over broken election promises in the federal budget. Speaking to 7.30, the treasurer says the decision to change negative gearing and the capital gains tax discount was only taken "in recent weeks".

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