The Age
·general
·1 hour ago
Federal budget verdict: Jim Chalmers’ report card is in
Treasurer Jim Chalmers unveiled his fifth federal budget, raising $100 billion over a decade through changes to negative gearing, capital gains taxes, and trust taxation. The ambitious revenue measures won praise from Labor supporters, though the government abandoned previous election commitments against these taxes. Personal income tax cuts totaling $2,000 annually per person fell short of major reform.
Summary by Glance · The Age
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