Politics Now

This week's federal budget included an overhaul of negative gearing and the capital gains tax rules in a bid to move thousands of homes from the hands of investors to first home buyers.

Opposition leader Angus Taylor used his first budget in reply speech to lay out some big bold policy ideas, saying he hopes Australians can "begin to believe again."
Income tax would form the centrepiece, with bracket creep returned to workers, at a cost of over $22bn to the budget bottom line.
PK and Clare agree this was a "big swing" from Angus Taylor — with PK suggesting it's because the Opposition are "drowning and desperate to get the light on them — it's an attention grabbing response."
Clare adds the announcements from Opposition leader had an "inkling of desperation" about them, as Angus Taylor realises he doesn't have the time usually afforded an Opposition leader to build towards a centrepiece.
So, while the tax cuts set the Opposition leader up for an interesting couple of years, giving him something substantial to defend and fight Labor on does it "tie his hands behind his back" on what he can do and announce in the next few years?
Patricia Karvelas and Clare Armstrong break it all down on Politics Now. Read Clare's reporting here 
Got a burning question?
Got a burning political query? Send a short voice recording to PK and Fran for Question Time at [email protected]

Opposition leader Angus Taylor used his first budget in reply speech to lay out some big bold policy ideas, saying he hopes Australians can "begin to believe again."
Income tax would form the centrepiece, with bracket creep returned to workers, at a cost of over $22bn to the budget bottom line.
PK and Clare agree this was a "big swing" from Angus Taylor — with PK suggesting it's because the Opposition are "drowning and desperate to get the light on them — it's an attention grabbing response."
Clare adds the announcements from Opposition leader had an "inkling of desperation" about them, as Angus Taylor realises he doesn't have the time usually afforded an Opposition leader to build towards a centrepiece.
So, while the tax cuts set the Opposition leader up for an interesting couple of years, giving him something substantial to defend and fight Labor on does it "tie his hands behind his back" on what he can do and announce in the next few years?
Patricia Karvelas and Clare Armstrong break it all down on Politics Now. Read Clare's reporting here 
Got a burning question?
Got a burning political query? Send a short voice recording to PK and Fran for Question Time at [email protected]

As Treasurer Jim Chalmers and Prime Minister Anthony Albanese continue their big budget sell, Opposition leader Angus Taylor is gearing up to deliver his budget reply -- and big political and ideological battlelines are being drawn.
PK tells Fran and David Speers, as the two budgets and two different visions for Australia take shape, there's a sense of real contest and a "battle for who people can win over".  David says the Albanese Government's Budget is the "most reforming budget" in decades, with previous governments have been resistant to creating "winners and losers". 
And in the immediate wash-up of budget night, he says Labor is feeling upbeat that they've "finally got something to fight for".So, will Labor reap the rewards of the political risk? Or will the Coalition's message cut through?
Fran Kelly and Patricia Karvelas are joined by David Speers, ABC's political lead on The Party Room.
Got a burning question?
Send a short voice recording to PK and Fran for Question Time at [email protected]: Read David's analysis here
Catch up on PK's IV with the PM here
Catch up on Fran's economic wrap of the budget here

Treasurer Jim Chalmers has unveiled his highly anticipated fifth budget, claiming it's the "most ambitious and important in decades".
Housing tax reform was the centrepiece of the wartime budget, with changes to negative gearing and the capital gains tax discount announced.
Labor says the reforms will allow 75,000 new people to afford their first home, but does the move go far enough to address intergenerational inequity? Will voters reward them for taking a risk - or punish them for "breaking a promise"?
And as inflation continues to surge, how healthy is the budget bottom line?
Patricia Karvelas and Carrington Clarke break it all down from the budget lock-up on this Politics Now x ABC Business Daily special episode.
Got a burning question?
Send a short voice recording to PK and Fran for Question Time at [email protected]