Labor’s budget backlash begins as One Nation continues its rise
Jim Chalmers’ fifth budget focused on tax changes and housing has received a negative response from voters, according to exclusive new polling.
The Albanese government’s fifth budget has received a frosty reception from voters, according to exclusive new polling which also shows One Nation overtaking Labor on primary votes for the first time.
Unveiling his fifth budget last week, Treasurer Jim Chalmers announced a major overhaul of Australia’s tax system, scaling back negative gearing and capital gains tax (CGT) concessions with the aim of helping younger Australians enter the housing market.
But the changes have sparked a fierce backlash from business groups, and the first Capital Brief/DemosAU poll conducted since the budget suggests voters have also responded negatively to the reforms.
A plurality of respondents (42%) described the budget as ‘generally bad’, compared to 23% who described it as ‘generally good’.
