Treasurer Jim Chalmers defends his budget
For two decades, we’ve had a tax policy that pushed up house prices, gave landlords huge advantages, and ultimately created an intergenerational wealth divide.
A week ago, the government said it wanted to do something about that and announced changes to negative gearing and capital gains tax.
But the budget hasn’t gone down well. For some, it doesn’t go far enough to make a real difference to the housing market; for others, particularly in business, changes to capital gains go too far.
Today, Treasurer Jim Chalmers defends his budget.
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