Labor strikes deal with Greens on tax reforms

The Australian Government has secured a deal with the Greens to pass major tax reforms, including tax cuts for 13 million workers and housing reforms affecting 75,000 rental households. In exchange, self-managed super funds will be banned from borrowing to invest in property, and the NDIS inquiry will be extended by eight weeks. The Opposition has accused Prime Minister Albanese of breaking election promises made 50 times before the last election about not changing negative gearing and capital gains tax rules, while committing to keep the tax cuts but axe what they call 'toxic taxes' if elected.See omnystudio.com/listener for privacy information.