With this year’s budget, the Albanese government has delivered a suite of bold tax reforms aimed at improving Australia’s “intergenerational equity” – particularly young people’s access to home ownership.
The reception, however, has been mixed. Some groups have welcomed the government’s proposed changes to wind back generous concessions on capital gains income and negative gearing. In stark contrast, Opposition Leader Angus Taylor used his budget reply speech to call it an “assault on aspiration”, representing broken promises.
