PM defends negative gearing, capital gains tax changes at Labor conference
Prime Minister Anthony Albanese defended his government's controversial budget changes regarding negative gearing and capital gains tax at a Labor conference in Melbourne. He argued that the current tax breaks disadvantage young Australians trying to enter the housing market. The government plans to proceed with legislation for these changes in the coming weeks.
- ▪Anthony Albanese spoke at the Victorian Labor Party’s state conference in Melbourne.
- ▪The budget includes changes to negative gearing and the capital gains tax discount.
- ▪Albanese emphasized that the changes are intended to help young Australians access home ownership.
Opening excerpt (first ~120 words) tap to expand
Prime Minister Anthony Albanese defends tax changes at Labor conferenceEBy Evelyn ManfieldTopic:TaxSat 23 May 2026 at 8:46pmSat 23 May 2026 at 8:46pmSat 23 May 2026 at 8:46pmAnthony Albanese spoke at the Victorian Labor Party’s state conference in Melbourne. (AAP Image: Jay Kogler)In short:The prime minister has used a speech to Labor loyalists to defend his controversial budget.Anthony Albanese has been under pressure because of the changes to negative gearing and the capital gains tax (CGT) discount.What's next?The government said it wanted to proceed with legislation over the coming weeks.abc.net.au/news/anthony-albanese-defends-budget-changes-at-vic-labor-conference/106714680Link copiedShareShare articleAnthony Albanese has used a speech to Labor loyalists to defend his controversial…
Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).