Why Jim Chalmers backtracked on big super balances
This week, the federal government dramatically re-wrote its signature tax policy.
The changes mean that a small section of people with very high super balances will pay less tax.
That backflip has big consequences – for the government’s budget, and for its commitment to addressing wealth inequality in this country.
Today, press gallery journalist Paul Bongiorno discusses why the government caved to pressure from outside, and within, its own ranks.
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Guest: Press gallery journalist Paul Bongiorno
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