Nation Just Thankful We Have A Decent Federal Opposition To Keep Labor On Their Toes Ahead Of Heavy-Handed May Budget

CLANCY OVERELL | Editor | CONTACT

Nearly at the halfway point of their second term in majority government, Labor has previously made very little effort to confront the primal scream that has been bellowing from Younger Australians for over a decade now.

Aside from the 2023 trainwreck constitutional referendum, that both sides of the debate would prefer to forget, and a few tweaks to costs of pharmaceutical and student debt, the fact remains that - in 2026 under Labor - it is much harder for young people to buy a home than it was under the people before them, many who viewed skyrocketing house prices as a badge of honour.

So now, it appears to be time for Labor to do something, otherwise they face the underwhelming prospect of leaving absolutely no legacy except for repealing the indexation of HECS loans that the Morrison Government had only activate for 12 months before he got voted out.

And according to the leaks coming out of the Labor bunker, it looks like there will be some politically contentious housing tax reforms announced on Tuesday, with Jim Chalmers arguing the “broken” intersection between housing and the tax system must tackled head on.

These leaks have sent shockwaves through the top end of town, with a growing fear that Australian entrepreneurialism (property speculation and royalty-free mining projects) being squashed by a powerful left-wing government.

Despite ruling out any of these changes in the lead up to last year’s election, the Treasurer has made it clear that intergenerational concerns were legitimate, and that the current system is "effectively broken”.

This now means that Labor will be taking not a razor to the Federal Budget, but a scalpel, with the potential for an extremely heavy-handed approach from a government that is desperate to be remembered for something.

Luckily for Australia, we don't need to worry about our government going overboard.

They may have 94-seats in Federal Parliament, but we can rest assured that on the other side of the room sits one of the staunchest Federal Oppositions, made up of a coalition of four different parties - which now includes two 60-something One Nation MPs from Rural Australia.

With 43 MPs who answer to four different leaders, and four different policy platforms drafted up by 6 different factions, Labor has it's work cut out for them if they think they can rush through such major economic changes and pass them into law without fight.

The next week will determine whether or not Labor has what it takes to endure a coordinated and highly disciplined response from their masterful political opponents across the aisle.