Federal Budget 2026 LIVE: Albo gets personal as he issues withering response to question about how he can be trusted after U-turn on tax changes


Albanese mocks Coalition MPs in response to question on why Australians should trust Labor

With just hours to go until the Treasurer’s Budget address, Anthony Albanese has mocked several members of the Coalition’s shadow cabinet in response to a question about Labor’s expected Budget backflip on changes to the Capital Gains Tax (CGT).

Before last year’s federal election, the Prime Minister was asked if he would change CGT or negative gearing, prompting him to snap that he would not.

‘Yes, how hard is it?! For the 50th time.’

During Question Time on Tuesday, Opposition Leader Angus Taylor asked Mr Albanese why Australians should trust any future commitments from Labor.

Mr Albanese quoted past remarks from prominent Liberal MPs including shadow treasurer Tim Wilson and Canning MP Andrew Hastie in response.

‘So many of those opposite, including the Member for Canning (have) said, “If that includes negative gearing, then we should make changes,”‘ Albanese said.

‘The shadow treasurer had this to say: “It’s time to be honest. The tax system is screwing over young Australians. Instead, it favours well-off, established interests against those trying to get ahead. In short, if we work hard to get ahead, you get hit hard. If you live off assets, you don’t.”‘

Albanese also called out Queensland Liberal MP Garth Hamilton, quoting the Groom MP as saying he was open to a discussion on CGT, and repeated previous comments made by the former MP for Menzies, Keith Wolahan, who was defeated at the last election.

CANBERRA, AUSTRALIA - MAY 12: Prime Minister Anthony Albanese attends Question Time in the House of Representatives on May 12, 2026 in Canberra, Australia. The Labor government's budget for 2026 is expected to focus on cost-of-living relief, housing affordability, and defence spending, as Treasurer Jim Chalmers faces pressure to deliver economic stability ahead of a federal election cycle. (Photo by Hilary Wardhaugh/Getty Images) 15809941





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