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Chalmers admits losing 'paint' on tax changes, but business remains unimpressed | ABC NEWS

6.7K views· 53 likes· 2:21· Jun 19, 2026

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The treasurer, Jim Chalmers, admitted the federal government "lost some paint" after controversial tax changes in his May budget. The backlash prompted a backdown yesterday but has not satisfied Labor's critics. Australian Chamber of Commerce and Industry (ACCI) chief executive Andrew McKellar says Labor's tax changes have been piecemeal. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-06-19/labor-tax-overhaul-looks-like-too-much-plastic-surgery-acci-ceo/106817070 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia

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