Should Labor be nervous about its negative gearing policy?

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By Leith van Onselen

The Australian ran a article over the weekend warning that Labor’s own heartland will bear much of the brunt of the party’s plan to curb negative gearing and capital gains tax (CGT) concessions:

Voters in Labor’s heartland seats — including those held by the party’s most senior frontbenchers — are among the nation’s biggest users of negative gearing, according to the latest tax office data.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.