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. 

 

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

 

Socials:Stay in touch with us on Instagram

Guest: Treasurer Jim Chalmers

Photo: AAP Image/Lukas Coch

For two decades, we&rsquo;ve had a tax policy that pushed up house prices, gave landlords huge advantages, and ultimately created an intergenerational wealth divide.&nbsp;
A week ago, the government said it wanted to do something about that and announced changes to negative gearing and capital gains tax.&nbsp;
But the budget hasn&rsquo;t gone down well &ndash; for some, it doesn&rsquo;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.&nbsp;
Today, Treasurer Jim Chalmers defends his budget.&nbsp;
&nbsp;
If you enjoy&nbsp;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: Treasurer Jim Chalmers
Photo:&nbsp;AAP Image/Lukas Coch

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.

Jim Chalmers defends his budget

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/f415f76c-023d-493a-bb08-b45000642dbb/transcript