Budget 2026: Labor’s ambitious and politically risky changes, explained by Matilda Boseley (opens in new tab)

Abolishing negative gearing for new investors, overhauling the capital gains tax discount and major cuts to the NDIS were were all expected in Tuesday night's budget. But what else was in there, and what does Jim Chalmers' 2026 budget mean for Australians? Guardian Australia's Matilda Boseley explains this year's winners, losers and surprisesBudget 2026 Australia: Jim Chalmers goes for broke in federal budget facing twin threats of housing pain and Iran war disasterBudget capital gains tax ch...