AI-generated memes mocking Prime Minister Anthony Albanese over proposed federal Budget changes to capital gains tax (CGT) are spreading online, particularly among startup founders and small business owners. Multiple outlets report that the memes depict Albanese and circulate as reactions to claims and commentary about how the Budget would affect CGT arrangements and small business outcomes. One outlet says the campaign includes viral “47 per cent” messaging connected to the proposed tax changes, while others describe posts and videos being shared by business operators expressing frustration and using humour to criticize the reforms.

The West Australian reports that Albanese responds to the memes, describing them as “flattering,” indicating he is aware of the content gaining traction across social media. Other coverage focuses on individuals and small businesses sharing their own messages in response to the Budget, including posts that praise or target Albanese alongside the meme content.

Overall, the reporting centers on the online backlash and the Prime Minister’s reaction, rather than providing new policy detail beyond the fact that the memes are tied to the CGT discount reforms announced in the last week’s Budget.