Can Albanese hold his nerve when the angry Boomers come for him?

SMH · James Massola · Monday 4 May 2026

Can Albanese hold his nerve when the angry Boomers come for him?

Labor is expected to make some of its most ambitious tax changes in the federal budget. Baby Boomers will be among the big losers – and it’s a calculated gamble that most voters won’t care.

Hold his nerve? Albanese telegraphs every tax change six months out so the lobbyists can workshop the retreat. The Boomers won't need to come for him — Treasury's already drafting the carve-outs in pencil. Hawke floated the dollar in a weekend. This mob will spend a budget cycle deciding whether to round the franking credit down.

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