Albanese Defends Housing Tax Shift

Prime Minister Albanese is standing firm on his government’s bold new tax reforms, dismissing criticism as “nonsense” and predicting public support will grow as people see the real impact. The changes target housing investors by restricting negative gearing to new builds and replacing the 50% capital gains tax discount with a 30% inflation-adjusted floor — all grandfathered to protect existing investments. Designed to redirect investor funds toward new housing, the reforms were passed after a deal with the Greens and aim to tackle Australia’s housing crisis without destabilizing the economy, echoing past reforms like the fringe benefits tax that weathered similar backlash. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e74c5e682c59819d