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

Page: https://stenobird.com/podcast/7am-529740/why-labor-s-breadcrumb-budget-feels-like-a-meal
Text version: https://stenobird.com/podcast/7am-529740/why-labor-s-breadcrumb-budget-feels-like-a-meal.md
Podcast: [7am](https://stenobird.com/podcast/7am-529740)
Published: 2026-05-15T19:00:00+00:00
Episode link: https://omny.fm/shows/7am/why-labors-breadcrumb-budget-feels-like-a-meal
Audio file: https://p.podderapp.com/2544644999/traffic.omny.fm/d/clips/2fb3740d-3436-44af-8cc0-a91900716aa5/62723a1f-3e96-4fc4-882c-b25e0181da4d/15ca8c8d-95cd-41d7-8eb2-b44b0066710a/audio.mp3?utm_source=Podcast&in_playlist=70f29d90-2a63-48aa-bf8f-b25e0181da70
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JSON: https://stenobird.com/v1/public/podcasts/7am-529740/episodes/why-labor-s-breadcrumb-budget-feels-like-a-meal
Duration seconds: 1016

## Resource

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 Tsikas See omnystudio.com/listener for privacy information.

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## Transcript

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