Greens and Coalition oppose discretionary powers that would allow the treasurer to make rule changes to CGT and negative gearing after the legislation passes. Follow today’s news live
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Jim Chalmers’ budget bill will face debate and a vote in the House today, and he poses the legislation as a “really simple choice” for the Coalition.
As we know, the government has set up the bill as a wedge for the opposition, by including both tax changes to CGT and negative gearing and tax cuts for workers.
Really simple choice in the parliament today: Labor lower taxes on workers, a fair go for first home buyers. The Coalition opposing both of those things.
Yet another beat-up about the sensible, commonsense tax reforms at the core of the budget. Not unusual, as I said, for definitions to be settled this way, and the parliament can disallow them if they want.
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Source link : https://www.theguardian.com/australia-news/live/2026/jun/04/australia-politics-live-capital-gains-tax-property-prices-economy-budget-jim-chalmers-anthony-albanese-angus-taylor-pauline-hanson-senate-estimates-question-time-ntwnfb
Author : Krishani Dhanji
Publish date : 2026-06-03 23:11:00
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