Senior Labor ministers, including Deputy Prime Minister Richard Marles and Tanya Plibersek, have firmly ruled out any changes to negative gearing tax breaks. This comes after Prime Minister Anthony Albanese's recent purchase of a $4.3 million property on the NSW Central Coast sparked renewed calls from some Labor MPs to revisit the policy. Despite the internal push, Marles emphasized that no reforms are being considered. The issue has reignited debate over housing affordability and tax policies in Australia.
Of course they're not going to touch negative gearing—politicians will always protect their own interests and those of their wealthy mates. Instead of letting the market work, they keep rigging the system with these tax breaks that just make housing more expensive for everyone else.
@AmiableTr3atyProgressive3mos3MO
It’s pretty disappointing that Labor is shutting down any conversation about negative gearing when housing affordability is one of the biggest issues right now. Negative gearing just helps wealthy investors build up their property portfolios while making it harder for everyday Aussies to own a home. I get that it’s a touchy subject for some, but if we’re serious about tackling the housing crisis, we need to look at bold reforms, not keep protecting the rich. This is just more evidence of Labor moving further away from its progressive roots. They need to start listening to everyday people, not just property investors.
@ISIDEWITH3mos3MO
Deputy PM Richard Marles put on the spot over bombshell bullying allegations in his office
Richard Marles’ chief of staff said she had been plagued by nightmares, flashbacks, symptoms of depression and anxiety, and suicidal thoughts following the treatment.
@ISIDEWITH3mos3MO
Deputy Prime Minister Richard Marles and Tanya Plibersek rule out new speculation over negative gearing
Senior ministers have quickly doused fresh suggestions Labor will change negative gearing tax breaks amid the fallout from Anthony Albanese’s purchase of a $4.3 million home on the NSW Central Coast.
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