<description>&lt;p&gt;After Labor handed down its fifth budget, Anthony Albanese spent the week answering one question: had he broken his promise?&lt;/p&gt; &lt;p&gt;The government wanted the budget framed as a fairness agenda built around changes to negative gearing, capital gains tax and trusts, and a pitch to younger Australians locked out of housing. Instead, the immediate political fight became whether voters could trust the prime minister.&lt;/p&gt; &lt;p&gt;But the noise around broken-promises obscures deeper conversations about what the housing tax changes will actually deliver, the omission of a gas export levy, and the tens of billions of dollars being cut from the NDIS.&lt;/p&gt; &lt;p&gt;Meanwhile, Angus Taylor&amp;rsquo;s budget reply showed where the Coalition wants the argument to go next: migration, welfare and net zero &amp;ndash; as One Nation surges in the polls.&lt;/p&gt; &lt;p&gt;Today, Cheek Media CEO and host of&amp;nbsp;&lt;em&gt;Big Small Talk&lt;/em&gt;, Hannah Ferguson, on the ambition, compromises and contradictions in Labor&amp;rsquo;s budget &amp;ndash; and what young voters are being asked to accept.&lt;/p&gt; &lt;p&gt;&amp;nbsp;&lt;/p&gt; &lt;p&gt;If you enjoy &lt;em&gt;7am&lt;/em&gt;, the best way you can support us is by making a contribution at &lt;a href="http://7ampodcast.com.au/support"&gt;7ampodcast.com.au/support&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;&amp;nbsp;&lt;/p&gt; &lt;p&gt;&lt;strong&gt;Socials:&lt;/strong&gt;&lt;strong&gt; &lt;/strong&gt;Stay in touch with us on &lt;a href="http://www.instagram.com/7ampodcast"&gt;Instagram&lt;/a&gt;&lt;/p&gt; &lt;p&gt;&lt;strong&gt;Guest:&lt;/strong&gt; Cheek Media CEO and host of the &lt;em&gt;Big Small Talk &lt;/em&gt;podcast, Hannah Ferguson.&lt;/p&gt; &lt;p&gt;&lt;strong&gt;Photo:&amp;nbsp;&lt;/strong&gt;AAP Image/Mick Tsikas&lt;/p&gt;&lt;p&gt;See &lt;a href="https://omnystudio.com/listener"&gt;omnystudio.com/listener&lt;/a&gt; for privacy information.&lt;/p&gt;</description>

7am

Solstice Media

Why Labor's 'breadcrumb' budget feels like a meal

MAY 15, 202616 MIN
7am

Why Labor's 'breadcrumb' budget feels like a meal

MAY 15, 202616 MIN

Description

After Labor handed down its fifth budget, Anthony Albanese spent the week answering one question: had he broken his promise? The government wanted the budget framed as a fairness agenda built around changes to negative gearing, capital gains tax and trusts, and a pitch to younger Australians locked out of housing. Instead, the immediate political fight became whether voters could trust the prime minister. But the noise around broken-promises obscures deeper conversations about what the housing tax changes will actually deliver, the omission of a gas export levy, and the tens of billions of dollars being cut from the NDIS. Meanwhile, Angus Taylor’s budget reply showed where the Coalition wants the argument to go next: migration, welfare and net zero – as One Nation surges in the polls. Today, Cheek Media CEO and host of Big Small Talk, Hannah Ferguson, on the ambition, compromises and contradictions in Labor’s budget – and what young voters are being asked to accept.   If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.   Socials: Stay in touch with us on Instagram Guest: Cheek Media CEO and host of the Big Small Talk podcast, Hannah Ferguson. Photo: AAP Image/Mick TsikasSee omnystudio.com/listener for privacy information.