Labor has reached an agreement with the Greens to pass its reforms on capital gains tax discount and negative gearing. The Greens' leader, Larissa Waters, stated that while they couldn't achieve more ambitious goals like removing grandfathering or capping negatively geared properties, this deal was the best possible outcome.
The Greens will support the Albanese government's negative gearing and capital gains tax changes. In return, Labor's overhaul of the national disability insurance scheme will be delayed and tweaked. This deal allows Labor to pass its budget centerpiece before parliament rises.
The Greens will support the Albanese government’s negative gearing and capital gains tax changes in exchange for delaying and tweaking the National Disability Insurance Scheme (NDIS) overhaul. The deal allows Labor to pass its budget centerpiece before parliament rises.
Health Minister Mark Butler is pushing to pass contentious NDIS reforms this month, warning against delays. The Coalition and Greens are considering teaming up to extend inquiries into the NDIS, negative gearing, and capital gains tax changes, which disability groups and state ministers have criticized.
Health Minister Mark Butler is pushing to pass controversial NDIS reforms this month, rejecting opposition calls for extended inquiries. He warns that delays could cost billions and hinder improvements to support quality and fight fraud, accusing the Coalition of using the bill as a political pawn. Disability advocates and state ministers have criticized the proposed changes.
Labor Treasurer Jim Chalmers highlighted Shadow Treasurer Tim Wilson's own 2020 book, 'The New Social Contract,' which advocates for taxing labor and capital income equally and criticizes preferential tax treatment for established interests, aligning with Labor's proposed budget changes on capital gains tax and negative gearing.
Australian house prices continue to outpace income growth, with a 10.3% annual increase. Budget changes to capital gains tax and negative gearing aim to improve affordability after 26 years of escalating prices, though a 10% price drop would only reverse a small fraction of the damage.
Treasury claims 90% of young Australians will benefit from the Albanese government's tax proposals, including a $1,000 tax deduction and reforms to capital gains tax and negative gearing. The reforms face opposition criticism and internal Labor tensions, particularly over potential impacts on young investors with share market holdings.
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Australian PM Anthony Albanese will present controversial changes to negative gearing and capital gains tax on Thursday, aiming for swift parliamentary passage despite internal party debate and external criticism from investors and business groups. The government emphasizes the budget's focus on housing affordability.
Prime Minister Anthony Albanese passionately defended Labor's proposed tax reforms, including changes to negative gearing and capital gains tax, stating they aim to rebalance the housing market for first-home buyers and support aspiration for all Australians. He faced criticism but received a standing ovation at a state conference.
One Nation is dissolving and re-establishing branches amid internal risks, while housing advocates urge support for Labor's negative gearing and capital gains tax reforms. Feral horse numbers surge in Kosciuszko National Park, and Israel deports activists seized from a Gaza-bound flotilla.
Australian community and housing groups urge parliament to pass Labor's negative gearing and capital gains tax changes to improve fairness for renters and first homebuyers, despite concerns from economists and the property lobby.
