Labor may revive negative gearing reforms

Advertisement

Shadow housing minister Jason Clare has warned that the housing affordability crisis has not eased since Labor lost the 18 May election, adding that it may get worse. He has raised the prospect that Labor could go into the next federal election with a modified version of its proposed changes to the capital gains and negative gearing regimes that were rejected by voters in May. From The AFR:

Opposition frontbencher Jason Clare has left open the option of Labor taking a variation of its negative gearing or capital gains tax policies to the next election…

“The economy is weak, unemployment is up, underemployment is chronic, part-time and casual work is becoming more the norm, and wages are flat.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.