Treasurer Says Labor Has Lost 'Political Paint' From Budget as He Defends Backdown

Australian government backpaddles on cosmetic tax changes

Prime Minister Anthony Albanese and Treasurer Jim Chalmers fronted a media conference on Thursday to outline backflips on Labor’s minimal capital gains tax tweaks.

Treasurer says Labor has lost ‘political paint’ following tax change backflip

Treasurer Jim Chalmers has conceded Labor has lost “political paint” over its backdown on small business tax changes.

Treasurer says Labor has lost 'political paint' from budget as he defends backdown

Treasurer Jim Chalmers says the federal government has lost "political paint" from May's budget while defending a backdown on key budget measures. Follow live.

Here’s what Labor’s budget backdown means for you

Jim Chalmers and Anthony Albanese have bowed to pressure on key budget measures. Here are the key changes explained.