The Daily News Now!
25 May 2026
The government’s tax reform consultation is going wide open — now including all businesses after initial whispers of a selective rollout. Prime Minister Albanese confirms a policy paper will follow the first round of talks, with legislation hitting parliament this Thursday, tied to promised tax cuts and a $1,000 standard deduction. But not everyone’s thrilled — a group of young entrepreneurs called it an “ambition ambush,” and social media’s buzzing with business owners poking fun. Still, the government sticks to its timeline, with Senate debate set for June, and a second bill to detail implementation after consultation. Albanese defends the phased approach, saying early consultation could leak insider info — standard practice, he insists, since changes were first announced on budget night. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level news summary based on public reporting.Report issues to feedback@thednn.ai. View sources & latest updates:https://sources.thednn.ai/440625284bfb8447
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