The Morrison government has suffered another setback after weeks of campaigning to gain ground against Labor, trailing by 46 to 54 per cent in a two-party result that would trigger a landslide loss at an election.
Voters have swung against the Coalition in a trend that would cost it at least 18 seats if repeated at the next election, in another sign of the backlash from the electorate since the Liberal Party leadership spill in August.
As Opposition Leader Bill Shorten mounted a spirited defence of his tax plans while launching Labor’s national conference in Adelaide on Sunday, the poll found 43 per cent supported limiting negative gearing to new homes only, and 44 per cent were opposed.
Similarly, 48 per cent opposed plans to halve the 50 per cent capital gains tax deduction for investors who sell an asset after holding it for more than a year, while 43 per cent were in support.
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Apparently it is more important than who runs the country.
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
