Tanya Plibersek Admits Government Needs to Explain Budget Measures
Quick Look
Social Services Minister Tanya Plibersek acknowledged the Australian government needs to better explain budget changes to capital gains tax and negative gearing, as polling shows public indecision and concern about the economic impact.
AI-generated summary
Why It Matters
The Australian government has introduced changes to capital gains tax and negative gearing in its recent federal budget. These changes were not promised ahead of the last election. Polling indicates public uncertainty and concern about the economic impact of these measures.
Social Services Minister Tanya Plibersek says the government still has explaining to do about the measures in this year's federal budget.
Polling in the Nine newspapers today shows many Australians are still undecided about Labor's changes to capital gains tax and negative gearing in last week's federal budget.
While Newspoll found that 47 per cent of people surveyed believe the federal budget is bad for the Australian economy.
Labor has limited negative gearing to new home builds and wound back the capital gains tax discount and replaced it with a 30 per cent minimum tax rate.
"There's a big group in the middle who don't yet understand what's being decided who we've got to talk to, we've got to explain what we're doing," Plibersek has told Channel Seven.
The government promised not to make changes to negative gearing and capital gains tax ahead of the last election.
One Nation MP Barnaby Joyce says the reason the government is "finding it hard" to explain is because "they lied".
"There's a lot of lies going on and of course no one is going to believe it when they explain it because they believe that their liars," Joyce says.
Hello and welcome to another edition of our federal politics live blog! We've successfully made it to the other side of budget week! 🎉
I'm Josh Boscaini joining you live from Parliament House in Canberra, here and ready to bring you all of today's federal politics news.
Even though the budget was last week's news, it's still fresh in the minds of many here on Capital Hill and around the country so we're likely to get some more reaction to that today.
I'm not sure what today will bring us so let's get into the day and see what happens!
Loading
Open Questions
- What specific strategies will the government use to explain the budget measures to undecided voters?
- How will the changes to negative gearing and capital gains tax specifically affect the Australian economy in the short and long term?
- What is the detailed breakdown of the Newspoll survey results regarding the federal budget's economic impact?
- What are the specific reasons for the public's indecision and skepticism towards the budget measures?
