Is the budget about to smash property investors?
5/6/202616 min
Anthony Albanese is about to break a major election promise.
Next week’s budget will reveal just how dramatic the government’s changes to generous tax breaks for property investors will be.
The expected shake up to negative gearing and the capital gains tax discount follows the prime minister’s promises during the last election campaign to leave the arrangements as they were.
Have concerns around generational inequality in housing made breaking an election promise feasible?
Today, host of ABC Radio’s AM program, Melissa Clarke, on the prime minister’s gamble.
Featured:
Melissa Clarke, political correspondent and host of ‘AM’
Clips
Transcript preview
First 90 secondsMelissa Clarke· Guest0:00
[upbeat music] ABC Listen. Podcasts, radio, news, music, and more.
Matt Bevan0:05
[upbeat music] Do you ever think that maybe the people making all the important decisions don't have a clue what they're doing?
Melissa Clarke· Guest0:14
The UK prime minister is facing increasing pressure to step down.
Matt Bevan0:17
It is ridiculous that Australia is facing a domestic gas price crisis. They take our money. They make us look like fools. I'm Matt Bevan, and on my show, If You're Listening, we take a look at every terrible decision that led to where we are today. Find us on ABC Listen or wherever you get your podcasts.
Sam Hawley· Host0:34
[upbeat music] Anthony Albanese is about to break a major election promise. So why did he continually say he wouldn't touch generous negative gearing and capital gains tax breaks, only to renege just over a year later? Today, host of ABC Radio's AM program, Melissa Clarke, on the prime minister's gamble. I'm Sam Hawley on Gadigal land in Sydney. This is ABC NewsDaily. [upbeat music] Mel, the PM, when he was campaigning before the last election,