SMH
·general
·2 hours ago
Albanese gambles on support from younger Australians as he dramatically shifts wealth
Prime Minister Anthony Albanese overhauled negative gearing, capital gains tax and trusts in Tuesday's budget to shift wealth toward younger Australians seeking homes. The changes will cost investors about $100 billion over a decade while helping 75,000 first-time buyers. Treasurer Jim Chalmers defended breaking his election promise, saying the government must explain controversial decisions when justifiable reasons exist.
Summary by Glance · SMH
Next
Loving doing this? 🎉
Take it further — get the full app and never miss a moment of what's happening in Australia.
Breaking news alerts
Instant lock-screen notifications the moment big stories break across Australia.
Australian news & events
Politics, sport, weather, local events — all in one swipeable feed, updated around the clock.
Stay ahead of the news cycle
30-second summaries so you're always informed, even on your busiest days.
Loading article…
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
✨
Ask AI