The Coalition’s incessant lies that Labor’s signature negative gearing and capital gains tax (CGT) reforms would primarily impact ordinary working Australians has been debunked again, this time by a Fairfax investigation showing that the nation’s wealthiest and largely Liberal-held electorates will be hit the hardest, whereas Labor electorates are among those that would be least hit:
Shadow treasurer Chris Bowen said… “These results are totally unsurprising given that these tax concessions overwhelmingly benefit the wealthiest Australians,” he said.