In Canberra, a fight both major parties have tried to avoid is back.

The Senate is examining the capital gains tax discount – the Howard-era change that slashed tax on asset profits and helped turn housing into a national obsession.

It’s long been considered untouchable, especially after Labor’s bruising 2019 election defeat. But with house prices entrenched, inequality rising and the budget under strain, pressure is building on the government to do something.

Today, economist and Executive Director of the Australia Institute Richard Denniss, on why the concession exists, the vested interests resisting change, and whether the politics around it are finally shifting.

 

If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.

 

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Guest: Executive Director of the Australia Institute, Richard Denniss

Photo: EPA/LUONG THAI LINH

In Canberra, a fight both major parties have tried to avoid is back.
The Senate is examining the capital gains tax discount &ndash; the Howard-era change that slashed tax on asset profits and helped turn housing into a national obsession.
It&rsquo;s long been considered untouchable, especially after Labor&rsquo;s bruising 2019 election defeat. But with house prices entrenched, inequality rising and the budget under strain, pressure is building on the government to do something.
Today, economist and Executive Director of the Australia Institute Richard Denniss, on why the concession exists, the vested interests resisting change, and whether the politics around it are finally shifting.
&nbsp;
If you enjoy 7am, the best way you can support us is by making a contribution at <a href="http://7ampodcast.com.au/support">7ampodcast.com.au/support</a>.
&nbsp;
Socials: Stay in touch with us on <a href="http://www.instagram.com/7ampodcast">Instagram</a>
Guest: Executive Director of the Australia Institute, Richard Denniss
Photo:&nbsp;EPA/LUONG THAI LINH

An independent daily news show. We feature the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

An independent daily news show. We feature the country&rsquo;s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

A daily news show from the publisher of The Monthly and The Saturday Paper.

A daily news show from the publisher of The Monthly and The Saturday Paper. Hear from the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

Beer, gas and capital gains tax

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