Taylor challenges Albanese to work together on big spending cuts
Sydney Morning Herald
by Brittany Busch, James MassolaFebruary 15, 2026
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**Taylor Challenges Albanese to Form Bipartisan Taskforce for Spending Cuts**
Angus Taylor, the new opposition leader of Australia's Liberal Party, has called on Prime Minister Anthony Albanese to collaborate on a bipartisan taskforce aimed at curbing government spending. In a bold move, Taylor proposed identifying practical measures to reduce expenses, arguing that record expenditure is driving inflation and public debt. This comes as the Coalition restructures its leadership following their defeat in the 2025 election.
Taylor, along with his deputy Jane Hume and key allies like Senator James Paterson, are focused on rebuilding the party's economic strategy. They aim to distance themselves from former leader Peter Dutton’s policies while positioning the Coalition as a pro-lower-tax force. The new frontbench will include rehabilitated Nationals who had previously resigned under pressure but are set to return in March.
The reshuffle has sparked speculation about potential leadership changes, with Tim Wilson emerging as a strong contender for shadow treasurer. Meanwhile, a multi-cornered contest is underway for the role of opposition Senate leader. Hume, who will also select her own portfolio, is unlikely to take on the shadow treasurer role, traditionally held by a lower house MP.
Taylor’s initiative to form a bipartisan taskforce highlights his desire to present the Coalition as a responsible alternative to Albanese's government. However, given Labor’s recent attacks on Taylor’s economic credentials and their focus on opposing tax increases, it is unlikely that Albanese or Treasurer Jim Chalmers will agree to this proposal.
This political maneuvering underscores the ongoing tensions between the two major parties over economic policy. As the Coalition seeks to regain momentum, Taylor’s push for spending cuts and lower taxes aims to appeal to voters concerned about inflation and rising costs. The outcome of these efforts could shape Australia’s economic trajectory and influence the dynamics of its political landscape.
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Originally published on Sydney Morning Herald on 2/15/2026