<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Prime Minister </span><a href="https://www.9news.com.au/anthony-albanese" rel="" target="_blank" title="Anthony Albanese"><span>Anthony Albanese</span></a><span> has made the case for repairing a "broken" system as changes to the capital gains discount and negative gearing are all but confirmed.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The May 12 federal budget will contain major </span><a href="https://www.9news.com.au/tax" rel="" target="_blank" title="tax reform"><span>tax reform</span></a><span>, with the government poised to pare back property tax benefits.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>At a mining breakfast in Perth today, Albanese promoted resilience as the theme of the budget and said that it would include helping young people achieve home ownership.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE: </span></strong><a href="https://www.9news.com.au/finance/inflation-data-australia-march-2026-quarter-interest-rate-implications/575bc24a-ead7-4abd-a49c-b9c9753af93c" rel="" target="_blank" title=""><strong><span>Inflation surges to three-year high as borrowers brace for potential rate hike</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Resilience is absolutely an economic imperative - for skills and energy and jobs and growth and productivity. But there is a bigger national purpose to this as well," he said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Building our resilience is about protecting ourselves from the economic division and social dislocation we have seen take hold in other parts of the world, where people feel like the system is broken beyond all repair."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Albanese made similar comments ahead of the speech, telling reporters yesterday that the changes were needed for social cohesion.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/prime-minister-anthony-albanese-dances-around-tax-changes-as-opposition-quashes-support/65944289-9204-4c5b-8221-79d5404f56bc" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Resilience in how we make more things here in Australia, how we become less vulnerable to global shocks, whether that be COVID or whether that be international conflict," he said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"But also resilience is about social cohesion and giving people that sense of ownership over the economy, making sure that the economy works for them, not people working for an economy."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Opposition Leader Angus Taylor said it was "hard to see" how the Coalition would support changes to the capital gains tax discount and negative gearing.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE: </span></strong><a href="https://www.9news.com.au/national/one-nation-leader-pauline-hanson-brags-about-being-gifted-new-plane/b4f85257-73e3-4b60-b2d0-042b09f84b10" rel="" target="_blank" title=""><strong><span>'Yes, it's sexy': Pauline Hanson gifted $2.1 million new plane by Gina Rinehart</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"We've got a younger generation of Australians who are giving up on the hope of owning a home, raising a family in their home, and that is moving away from the Australia I firmly believe in," he told </span><em><span>Today</span></em><span>.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"That means we need more houses built.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Putting in extra tax on houses is not the way to get more houses built."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Taylor said he has yet to see any tax reform proposal and criticised the government for "running around in circles".</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The federal government has repeatedly failed to confirm whether changes are coming to the capital gains tax discount and negative gearing.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>At the same time, it has not ruled it out either and said it was being considered along with other changes. </span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Treasurer Jim Chalmers delivers his fifth federal budget on May 12. </span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><em><span>NEVER MISS A STORY:</span></em></strong><span> </span><em><span>Get your breaking news and exclusive stories first by following us across all platforms.</span></em></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><ul><li><strong><em><span>Download the 9NEWS App here via</span></em></strong><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" target="_blank"><strong><em><span>Apple</span></em></strong></a><span> </span><strong><em><span>and</span></em></strong><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1" target="_blank"><strong><em><span>Google Play</span></em></strong></a></li><li><strong><em><span>Make 9News your preferred source on Google by</span></em></strong><span> </span><a href="https://9.nine.com.au/8x987w" target="_blank"><strong><em><span>ticking this box here</span></em></strong></a></li><li><strong><em><span>Sign up to</span></em></strong><span> </span><a href="https://login.nine.com.au/edm?client_id=nineatnine" target="_blank"><strong><em><span>our breaking newsletter here</span></em></strong></a></li></ul></div></div>