Labor set to dump negative gearing reforms?

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Ah yes, the Australian Labor Party, via The Australian:

Labor’s new Treasury spokesman, Jim Chalmers, has signalled a ­decisive break with the past five years of economic policy under Bill Shorten, identifying the need to develop greater controls on spending and wind back high-­taxing measures ahead of the next election.

In an interview with The Australian, Dr Chalmers yesterday flagged a return to the centre ground on economic policy, which he suggested would see Labor leave behind the high-­taxing, high-spending agenda championed under Mr Shorten’s leadership.

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About the author
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.