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Labor, Greens strike deal to push through Budget tax changes
The Greens have agreed to pass changes to the capital gains tax discount and negative gearing in exchange for Labor limiting self-managed superannuation funds from buying property.
The minor party’s support means the Government can get the bulk of its Budget tax package in place this fortnight.
Ministers hope a swift process will dampen the fiery opposition that Anthony Albanese labelled “self-interest” over the weekend and Treasurer Jim Chalmers has slammed as a campaign of lies.
The package replaces the 50 per cent capital gains tax discount with one based on inflation, and imposes a minimum 30 per cent rate on the taxable portion.
It also limits negative gearing for properties bought since May 12 to new builds only, and sets up a $250 working Australians tax offset and $1000 standard deduction.
Albanese weighs in after Starmer's resignation
Anthony Albanese has wished outgoing UK leader Keir Starmer well after his resignation, saying it “must be a very tough day” but he should be “proud of the contribution he has made to the country”.
The Australian Prime Minister listed AUKUS, support for Ukraine, and a social media ban as “opportunities” he was “grateful” to collaborate on.
“I consider Keir Starmer a friend and I’m thinking of him on what must be a very tough day,” he said.
“Serving in public life is a tremendous privilege, but politics can also be a harsh business.
“I’m grateful for the opportunities we had to work together to strengthen our AUKUS defence and security partnership, support the brave people of Ukraine and keep children safe from the damage that social media can do.”
His exit from Downing Street will mean post-Brexit Britain will have its seventh prime minister in the ten years since the country voted to leave the European Union.
After leadership rival Andy Burnham’s strong win at the Makerfield by-election, Sir Starmer’s departure from the helm of the UK Labour Party was widely anticipated as inevitable.
Hanson’s shock Taylor admission as One Nation soars
One Nation Leader Pauline Hanson has revealed she has not spoken to Opposition Leader Angus Taylor for years, despite there being a likelihood the parties may need to work together to form a government.
“I haven’t spoken to Angus for years,” she told Sunrise on Tuesday.
“I haven’t seen him since about 2019, 2020.”
However, she indicated she hoped the two parties could eventually work together, saying she wanted to remove what she described as a “toxic Labor Greens, Teals government”.
“In time, I’m sure we’ll get to talk and strategise about preferences,” Senator Hanson said.
Labor coy on future relationship with the Greens
Richard Marles has stopped far short of confirming that Labor will need the Greens to form Government in the future, instead saying Labor is the captain of the ship.
Following a fresh Roy Morgan poll putting One Nation ahead of Labor, (and miles ahead of the Coalition), Richard Marles refused to accept that the Greens have a major influence over the Government.
“We are governing Australia,” he told Sunrise, after being pushed on the Greens having Labor over a barrel on NDIS funding and tax reform.
“What we are doing is putting forward a Budget. We will work with the Senate to see (it) passed.
“The Greens are completely separate from the Government. We are governing Australia in the national interest.”
Will Albanese resign like Starmer? Here’s what Marles says
Following the long-awaited resignation of UK Prime Minister Keir Starmer, and amid Labour’s fall in the polls as One Nation soars, the Government has been asked whether Anthony Albanese will be rolled and someone new will take over.
After a chaotic few years of rolling PMs for a new leader in Australia, something done by both Labor and the Coalition, there’s been somewhat of a calm under Albanese, holding strong as PM.
However, as the polls slump and the outrage over the Budget continues to burn almost five weeks after it was handed down, Labor has been forced to defend the PM’s job.
“I think there are different circumstances here,” Defence Minister Richard Marles told Nine.
“Having lived through this in the earlier part of my career, the way politics plays out is very specific to particular parts of the world.”
“We’ll keep focusing on the challenges of cost of living in Australia, and Pauline Hanson and Angus Taylor will keep working together to get in the way of all of that.”
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