Political editor Tom McIlroy speaks with Michelle Grattan and Melissa Clarke about the 2026 political year, which has already seen surprising developments. Labor passed changes to negative gearing and the capital gains tax discount, policies they had previously ruled out. The Liberals changed leaders again, and One Nation has seen a surge of support in multiple polls.
Labor's Policy Shift
Labor reached a deal with the Greens to pass reforms on capital gains tax and negative gearing, marking a significant policy reversal. According to the panel, this move has reshaped the political landscape.
Liberal Leadership Change
Angus Taylor was installed as Liberal leader to save the Coalition. However, with One Nation's rise, questions remain about whether this leadership change will lead to electoral success or disaster.
One Nation's Resurgence
One Nation has seen a surge in support across multiple polls, reflecting growing public frustration. The panel discusses the implications for the major parties.
Outlook for the Second Half
The report card on the year so far highlights key contests to watch, including the impact of Labor's reforms and the Coalition's response under Taylor.
