The Age
·general
·55 minutes ago
Chalmers announces major tax changes to address housing affordability crisis despite broken
Treasurer Jim Chalmers will announce ambitious tax changes including winding back negative gearing and capital gains tax breaks, risking broken election promises. The budget aims to tackle intergenerational inequality and housing affordability, with savings targets of $35 billion over four years. Prime Minister Anthony Albanese believes addressing housing pain outweighs criticism over policy reversals from his campaign commitments.
Summary by Glance · The Age
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