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The federal government has shelved plans to develop Inland Rail from Melbourne to Brisbane but the man who's known as the project's father says negotiations are underway to resurrect it. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Albanese Government has introduced its capital gains and negative gearing bill to parliament, hoping to pass the first tranche of legislation before the mid-winter break.The Greens have called for a short-burst inquiry into the bill but seem to be signalling a willingness to support the measures. So, after a week of fierce backlash from the small business community, has Labor managed to pull the focus back to housing?Meanwhile, another cohort of IS-linked women and children have returned to Australia from Syria this week, causing some political friction for Labor and possibly feeding into One Nation leader Pauline Hanson's platform.And while speculation about a so-called 'teal party' was the talk of the town at the beginning of the week, it seems the idea has run out of steam already.Patricia Karvelas and Fran Kelly are joined by Michelle Grattan, Chief Political Correspondent at The Conversation and professorial fellow and University of Canberra on The Party Room.Hear Michelle Grattan's IV with Keith Wolahan here.Hear Fran on Radio National Hour here.Watch PK on Afternoon Briefing here.Editor's note: This podcast was recorded prior to the AFP confirming a 34 year-old Melbourne woman, who returned from a Syrian detention camp last year, has been charged with terrorism offences.Got a burning question?Got a burning political query? Send a short voice recording to PK and Fran for Question Time at thepartyroom@abc.net.au Learn more about your ad choices. Visit megaphone.fm/adchoices

Labor may be considering expanding exemptions to its capital gains tax changes amid a backlash from small business — but while they are consulting widely looks like they won't cave "quickly".And the Opposition has unveiled a political wedge of its own, threatening to withhold crucial support for Labor's NDIS overhaul without an inquiry into CGT and negative gearing changes in exchange.Meanwhile, the Government has announced a major welfare shake-up, but new inflation figures and the return of more so-called ISIS brides could steal some of the spotlight.Patricia Karvelas and David Speers 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 thepartyroom@abc.net.auABC Business Daily dig deeper into the inflation figures here Learn more about your ad choices. Visit megaphone.fm/adchoices

Household energy bills are set to drop by up to 10 per cent, with the Albanese government crediting renewables and batteries for the decrease.It's a good news story for Labor, as the fight over capital gains tax changes continues to dominate parliament — and the Prime Minister doubles down.But the Government isn't the only one feeling the heat, with outgoing National Anti-Corruption Commissioner Paul Brereton fronting up for a grilling in Senate estimates.Patricia Karvelas and Tom Crowley 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 thepartyroom@abc.net.au Learn more about your ad choices. Visit megaphone.fm/adchoices

Parliament is back in session and there's speculation a new party could be on the horizon.Independents Zali Steggall and Allegra Spender have confirmed conversations about forming a party with like-minded so-called "teals" are underway. Former Prime Minister Malcolm Turnbull has given the idea a tick of approval, but many fellow crossbenchers have already confirmed they won't be joining. So, is this just a "thought experiment" or could a party of independents become a reality?Meanwhile, the Prime Minister has confirmed the first tranche of budget measures will be introduced to parliament on Thursday. So, while Anthony Albanese has "doubled down" on the dissent, can Labor get the legislation through the Senate with support from The Greens?Patricia Karvelas and Jacob Greber 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 thepartyroom@abc.net.auRead PK's analysis hereRead Jacob's analysis here Learn more about your ad choices. Visit megaphone.fm/adchoices

The decision to change capital gains tax rules for all investments, rather than just property, has sparked backlash from young investors, entrepreneurs and small business owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Was this a budget in desperate need of more graphs?Labor’s budget pitch is still making headlines - but it may not be happy about all of them.First, PK and Clare Armstrong unpack the breaking news overnight of another possible return of ISIS-linked Australian women and children from Syria, as well as the fallout over Australian activists detained by Israel while aboard a flotilla headed to Gaza.Then, it’s a bonus Question Time: Budget special!Is Labor going big on reform because it expects to negotiate later? How do pre-budget leaks and “speculation” actually make their way into the media? Where could any budget windfall end up? And could blocked legislation ever trigger a double dissolution?Plus - why do politicians still struggle to explain big economic decisions clearly, and is there still a path back for moderate Liberal voters?Patricia Karvelas and Clare Armstong 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 thepartyroom@abc.net.au Learn more about your ad choices. Visit megaphone.fm/adchoices

As the Prime Minister Anthony Albanese and Treasurer Jim Chalmers continue their big budget sell, they've faced fierce backlash from small business owners over changes to the CGT discount.While Labor billed this as a "housing reform budget", did they fail to lay the groundwork for broader taxation changes — and have they lost control of the narrative?And Shadow Treasurer Tim Wilson has capitalised on the discontent, laying out vision that backs and rewards "self-starters". So, has he offered up an economic lifeline for Liberals?Fran Kelly and Patricia Karvelas are joined by Phil Coorey, AFR Political Editor on The Party Room.Got a burning question?Send a short voice recording to PK and Fran for Question Time at thepartyroom@abc.net.au Learn more about your ad choices. Visit megaphone.fm/adchoices

Shadow Treasurer Tim Wilson has used a National Press Club Address to outline his vision for the Liberals.As PK tells David Speers the speech functioned as a "call to arms for what the Liberal Party's chief mission should be".And what we didn't hear from Tim Wilson was as interesting as what we did in this set-piece speech — with David pointing out that the Shadow Treasurer was squarely focused on "aspiration, small business, start-ups" avoiding immigration and culture war issues.So, is his "classic Liberal" vision something fellow Liberals can coalesce around?Patricia Karvelas and David Speers 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 thepartyroom@abc.net.au Learn more about your ad choices. Visit megaphone.fm/adchoices

The fight over Labor’s proposed capital gains tax changes isn’t brewing - it’s already here.Small business owners, founders and investors are piling pressure on the government, with backlash erupting across talkback radio and social media. Critics say the changes punish aspiration, investment and growth.As Labor tries to sell the reforms, business groups warn Australia risks becoming a less attractive place to build and scale companies. Meanwhile, viral memes portraying Anthony Albanese as an accidental “co-owner” of small businesses are spreading fast online.So will Labor hold the line, or soften the changes as pressure mounts?And later - why the government is delaying aged care price caps, and what new budget measures could mean for older Australians.Patricia Karvelas and Raf Epstein 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 thepartyroom@abc.net.au Learn more about your ad choices. Visit megaphone.fm/adchoices