Journalist: "Can you rule out any changes to negative gearing and capital gains tax settings if re-elected?"
ANTHONY ALBANESE: “Yes. How hard is it? For the 50th time.”
Source: Albanese press conference, 9/4/25.
Labor’s 2026 Budget increased taxes on housing by restricting negative gearing - something the Prime Minister had ruled out “for the 50th time”.
Labor’s own Budget analysis acknowledged the housing tax changes would reduce housing supply and put upward pressure on rents.
Sources: 2026-27 Budget Papers.
Journalist: “Are you considering taking negative gearing reform and capital gains tax reform to the next election?”
ANTHONY ALBANESE: “No, we’re not.”
Source: Albanese, ABC News Breakfast, 26/9/24.
Labor’s 2026 Budget broke that promise and introduced a 30% minimum tax on capital gains.
If you build a business and sell it within 15 years, you can be taxed up to 47%.
This will affect investment in property, shares, farms and businesses, hurting aspiration and the economy.
Sources: 2026-27 Budget Papers.
“The government won’t be pursuing or implementing an inheritance tax, for example.”
Source: Chalmers press conference, 22/1/26.
“You will earn more and keep more of what you earn.”
Source: Albanese and Chalmers media release, 25/3/25.
“It will see electricity prices fall from the current level by $275 for households by 2025...”
Source: Albanese, “Powering Australia”, 3/12/21.
Labor repeated the $275 promise 97 times. By the end of 2025, electricity prices had increased 38% under Labor.
In 2025, Albanese tried to distance himself from the promise, saying “It’s RepuTex’s modelling.” Before the election, he called it Labor’s “fully costed plan”.
Sources: Albanese, “Powering Australia”, 3/12/21; press conference, 30/3/25.
“The Government continues to work with the private health sector to achieve better value for policy holders, while ensuring private health cover continues to be well funded.”
Source: Mark Butler, media release, 26/2/25.
Labor has stripped back the private health insurance rebate for Australians aged 65 and over.
More than three million older Australians face higher premiums - up to about $807 a year for singles and $1,614 for couples.
They now face a choice between cutting other essentials, downgrading their insurance or giving it up.
When fewer people have private health cover, it puts more pressure on the public system.
Sources: 2026-27 Budget Papers; ABC News, 22/4/26; Private Healthcare Australia, 5/5/26.
“Keeping Australians safe is our number one priority.”
Source: Albanese press conference, 26/8/25.
Under Labor, ISIS sympathisers who travelled to ISIS-controlled Syria have returned to Australia. Several have since been charged with alleged terrorism or crimes against humanity offences.
The Government granted more than 3,000 visitor visas to people from Hamas-controlled Gaza, without conducting appropriate security checks first.
Labor was caught unprepared by the NZYQ High Court ruling, which resulted in 149 immigration detainees being released into the community, including people convicted of murder, sexual offences and violent crimes.
Labor’s latest Integrated Investment Program contains $10 billion in secret cuts to Defence capability.
Labor is now inflating its headline Defence spending figure by counting expenditure that was not previously included, including more than $10 billion in veterans’ welfare payments and $2.1 billion in intelligence agency funding.
“An Albanese Labor Government will fix the crisis in Veterans’ Affairs and restore the respect our veterans and their families deserve.”
Source: ALP announcement, 24/4/22.
“It’s the right thing to do to reduce the deficit... to pay off, or begin to pay off the enormous mountain of debt.”
Source: Albanese, Today Show interview, 26/10/22.
Journalist: "Stage three is absolutely locked in?"
ANTHONY ALBANESE: “Yes.”
Journalist: "There are no circumstances under which you would seek to roll back stage three?"
ANTHONY ALBANESE: “No.”
Source: Albanese interview before the 2022 election, quoted in Sky Sunday Agenda, 28/1/24.
Journalist: "Are you prepared to raise tax as a share of GDP in the name of responsible Budget management?"
ANTHONY ALBANESE: “No, our objective is not about raising taxes.”
Source: Albanese doorstop interview, 10/4/22.
Labor abandoned the former 23.9% tax-to-GDP cap. In its first two years, personal taxation rose by about 29%.
The 2026 Budget added roughly $50 billion in taxes over four years, including higher taxes on income, housing, investments, small businesses and trusts.
Sources: 2026-27 Budget Papers.
“Labor has real, lasting plans for... cheaper mortgages.”
Source: Albanese campaign launch, 1/5/22.
There have been 15 interest rate rises under Labor. A family with an average mortgage is now paying $29,000 a year more in interest than when Labor was elected.
Australia has higher interest rates than any major advanced economy (as at June 2026).
Sources: RBA; Trading Economics, as at June 2026.
“Under our plan, no family will be worse off but almost all families will be better off.”
Source: Albanese, House of Representatives, 31/3/22.
“I’ve ruled out major changes to superannuation.”
Source: Albanese doorstop interview, 24/2/23.
Labor doubled the concessional tax rate from 15% to 30% on earnings linked to super balances above $3 million.
It initially designed the change to tax unrealised gains and left the threshold unindexed, ensuring more Australians would be caught over time.
Source: Better Targeted Superannuation Concessions measures.
David Speers: "Industry-wide bargaining?"
JIM CHALMERS: “It’s not part of our policy, David.”
Source: Chalmers, ABC Insiders, 21/11/21.
Labor expanded multi-employer bargaining and created pathways for multiple businesses to be drawn into common bargaining arrangements.
Employers can be compelled into negotiations extending across workplaces and sectors, with pressure for common conditions.
Source: Fair Work Legislation Amendment (Secure Jobs, Better Pay) Act 2022.