Politics Now

The Treasurer has confirmed his department is looking at changes to both the capital gains tax discount and negative gearing rules ahead of the May budget.

Former Opposition leader Sussan Ley has tendered her immediate resignation from parliament, officially sparking a by-election in her seat of Farrer.  In a statement Sussan Ley said she hoped her election as the first female to lead the Liberal party would "pave the way for the next woman to be elected to, and succeed" in the role. 
Are changes to negative gearing and capital gains actually politically risky for Labor? And as Anthony Albanese tries to 'mop up' after his Grace Tame misstep, are his political instincts as sharp as they once were?
Patricia Karvelas and Fran Kelly answer your questions on on The Party Room.
Got a burning question?
Got a burning political query? Send a short voice recording to PK and Fran for Question Time at [email protected]

As Treasurer Jim Chalmers prepares to hand down his fifth budget, he's promising to focus on "economics over politics" - but what will Labor actually do to address intergenerational inequity? 
The prime minister has attempted to walk back labelling former Australian of The Year Grace Tame "difficult", suggesting he was referring to her difficult life - a move Grace Tame has blasted on social media.
And Jacob Greber has been on the ground in Farrer, checking the electorates pulse ahead of the impending by-election - so what do voters want from their representative and where are they looking to cast their vote?
Patricia Karvelas and Fran Kelly  are joined by Jacob Greber, 730 Political Editor on The Party Room.
Got a burning question?
Send a short voice recording to PK and Fran for Question Time at [email protected]

Prime Minister Anthony Albanese was briefly evacuated from the Lodge overnight, due to a bomb threat linked to performances in Australia by a classical Chinese dance and music group that is banned in China.
It comes as threats against parliamentarians are on the rise and just weeks after the AFP Commissioner warned that federal politicians and high office holders were being targeted by violent offenders.
So, as the threat is condemned across the political aisle, is the price of public life becoming too high? And will calls for the temperature to be lowered actually cut through?
And as inflation comes in hotter expected once again, does it put further pressure on Treasurer Jim Chalmers to find savings in the upcoming budget?
Patricia Karvelas and David Speers break it all down on Politics Now.
Got a burning question?
Send a short voice recording to PK and Fran for Question Time at [email protected]

Anthony Albanese has voluntarily written to UK Prime Minister Keir Starmer to offer support for removing Andrew Mountbatten-Windsor from the line of royal succession.
Australia is the first Commonwealth country to back the proposal, but Prime Minister Anthony Albanese has made it clear his government doesn't have any plans to hold a referendum on becoming a republic, instead announcing this morning that high speed rail from Newcastle to Sydney could be "shovel ready" in two-years time. So, is this long promised train any closer to becoming a reality?
And the landmark Royal Commission into Anti-Semitism and Social Cohesion has officially begun, with Commissioner Virginia Bell outlining the scope of the inquiry.
Patricia Karvelas and Claudia Long break it all down on Politics Now.
Got a burning question?
Got a burning political query? Send a short voice recording to PK and Fran for Question Time at [email protected] Claudia's exclusive here: https://www.abc.net.au/news/2026-02-23/working-with-children-check-parents-sick/106370632