He rejected that he owed voters an apology when pressed by Sky News Sunday Agenda, saying it was \u201cnonsense\u201d that he had not been clear with the public.<\/p>\n
Rather than accepting the premise, he defended the government\u2019s decision to shift its position, arguing it was necessary in response to economic conditions.<\/p>\n
\u201cWhat I’m doing here, is what I was elected to do, which was to do the right thing for the nation,\u201d he said.<\/p>\n
\u201cNow you can sit back and say, \u2018Well we acknowledge that there’s a problem with housing in this country\u2026 but we can’t do anything about it\u2019.<\/p>\n
\u201cOr you can say, \u2018I’m going to make a difficult decision for the right reasons to help the nation\u2019.\u201d<\/p>\n
![\"Albanese\u2019s](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/06\/2b02d6212a0af56fe97e16624fc1e612.jpeg\")
<\/p>\n
The Albanese government has scrapped negative gearing entitlements for existing properties, after previously saying it would not change the previous system.<\/p>\n
It has also moved to impose a minimum 30 per cent tax on capital gains, repealing the previous 50 per cent capital gains discount.<\/p>\n
Asked whether he would apologise to voters for promising before the election he wouldn\u2019t touch tax settings, he suggested he had nothing to apologise for.<\/p>\n
\u201cLet’s be very clear. Anyone who has a negatively geared property has had no change to being able to continue to have that negative gearing,\u201d he said.<\/p>\n
\u201cThere’s been a lot of misinformation out there indeed. Some of the proponents of the memes<\/a> have acknowledged, have said, well it wasn’t accurate, it wasn’t real.<\/p>\n \u201cWhat we will do is we will pass this legislation. It will make a positive difference for Australians. It will enable more young Australians to get into their first home.\u201d<\/p>\n One Nation leader Pauline Hanson has gained significant public attention for her \u201cFire the Liar\u201d campaign attacking Mr Albanese<\/a> and his broken promises.<\/p>\n Mr Albanese said it was \u201cnonsense\u201d to suggest he was not upfront with people about the tax changes.<\/p>\n \u201cWell that’s nonsense. The fact is that One Nation pretend that they stand for battlers whilst getting planes given to them by Australia’s richest person,\u201d he said.<\/p>\n The comments come amid continued political debate over Labor\u2019s tax and housing reforms, including capital gains tax changes and restrictions on negative gearing.<\/p>\n Opposition Leader Angus Taylor told Sky News Sunday Agenda the government had failed the economy.<\/p>\n \u201cLook, what we’ve seen from this Treasurer, apart from the fact that he and the Prime Minister lied, in the Prime Minister’s own words 50 times before the last election.<\/p>\n \u201cI hear him crowing about his election victory, having lied to the Australian people 50 times<\/a>. He thinks that’s completely fine, obviously.<\/p>\n \u201cBut what’s clear is that these taxes are going to hurt aspiration in this country. They are an assault on aspiration, on ambition, on investment.<\/p>\n \u201cAnd what we have is a Labor government that doesn’t understand small business, doesn’t understand business at all, because most of them have never worked in it.\u201d<\/p>\n