Labor Party stalwart Doug Cameron has unleashed on governments responsible for decades of poor policy decisions that have “failed the nation”, resulting in a dire housing crisis. And he called on powerbrokers in Canberra to ignore “scare campaigns by vested interests” to reform controversial tax perks like negative gearing andContinue Reading
Treasurer Jim Chalmers will hand down his second full-year budget on Tuesday, vowing to shore up the economy’s near-term growth and deliver cost of living relief without adding to inflation. “This is not the time for scorched earth austerity … this is not the time to slash and burn inContinue Reading
Tuesday’s budget will have an “emphasis” on tax reform and housing will be a centrepiece, the Treasurer has flagged. But Jim Chalmers has ruled out any changes to negative gearing contained within the budget papers, saying the government would focus instead on reforming the tax system to incentivise investment inContinue Reading
There are growing concerns Anthony Albanese is preparing to break another promise which the property industry says will only hurt renters. In the wake of the prime minister’s backtracking on support for the stage three tax cuts, which he pledged to keep during the last election but last month overhauled,Continue Reading
Two thirds of voters in the up-for-grabs seat of Dunkley support Labor’s changes to stage 3 tax cuts, new polling has revealed. In good news for Labor ahead of the crucial March 2 by-election in the outer-Melbourne seat, a poll commissioned by the Australia Institute found 66 per cent ofContinue Reading
Sunrise Host Natalie Barr has had to break up a fiery clash between two politicians over Labor’s changes in tax cuts. Clare O’Neil and Jane Hume traded barbs over accusations the tax changes were politically driven. In a tense exchange on Tuesday, Ms O’Neil was interrupted after she cited pollsContinue Reading
Bigger tax cuts for lower and middle income earners are all but locked in as Peter Dutton sets up the battleground for the next election. The Opposition Leader confirmed he would not stand in the way of Labor’s reworked stage 3 tax cuts following a party room meeting with CoalitionContinue Reading
An Australian senator has pressured an elected MP to flatly rule out her support for changes to negative gearing, resulting in a tense exchange. Nationals senator Bridget McKenzie on Tuesday demanded independent MP Monique Ryan rule out backing the investment scheme, which allows taxpayers to offset the costs associated withContinue Reading
A key independent says both major parties need to take an ambitious plan on tax reform to the next election with “everything on the table”, warning that otherwise Australia will fall behind. Teal independent MP Allegra Spender’s call follows the Albanese government’s decision to rewrite stage 3 tax cuts, andContinue Reading
Independent senator Jacqui Lambie has lashed out at tennis fans after Anthony Albanese was ruthlessly booed at the Australian Open. The Prime Minister was heckled by a packed crowd at Rod Laver Arena during the trophy presentation after the Australian Open men’s final on Sunday night. Mr Albanese drew heatContinue Reading