“For the 50th time” — the negative gearing and CGT reversal
What was said
“Yes. How hard is it? For the 50th time.”
Cairns doorstop, campaign trail, when asked to rule out changes to negative gearing and the CGT discount if re-elected. Reinforced in August 2025 at the Economic Reform Roundtable: “The only tax policy we’re implementing is the one we took to the election.”
8 April 2025
What the record shows
The 2026–27 Federal Budget (delivered 12 May 2026) legislated the CGT discount from 50% to 30% (inflation-indexed) from 1 July 2027 and tightened negative gearing to new builds only. The bill passed the House on 4 June 2026. Albanese defended the reversal on ABC Radio National the week of 11 May 2026: “Government is about making the right decisions for the right reasons for the times that you are in… if we do change our position on any policy, we will explain why.”
12 May 2026
The tension
Position ruled out on camera, emphatically, dated, multiple times before the election. Position legislated 13 months later. The reversal is not disputed; only its justification is.