For two decades, we’ve had a tax policy that pushed up house prices, gave landlords huge advantages, and ultimately created an intergenerational wealth divide. 

A week ago, the government said it wanted to do something about that and announced changes to negative gearing and capital gains tax. 

But the budget hasn’t gone down well – for some, it doesn’t go far enough to make a real difference to the housing market. For others, particularly in business, changes to capital gains go too far. 

Today, Treasurer Jim Chalmers defends his budget. 

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Guest: Treasurer Jim Chalmers

Photo: AAP Image/Lukas Coch