Shadow Portfolio — 14 May 2026

Kevin Hogan used both a procedural contribution and the adjournment debate on 14 May to mount a sustained attack on the budget across three interlocking lines: broken pre-election promises, a capital gains tax rate the opposition characterises as among the world's highest, and negative-gearing changes projected to reduce home construction by 35,000 over the next decade.

The housing critique is particularly targeted — Hogan argues the budget simultaneously forecasts higher rents and claims to improve affordability, framing this as a direct contradiction. Across both contributions the opposition's overarching frame is one of public-trust breach, linking the tax changes to commitments the Prime Minister previously denied.