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The Greens say “it’s time” for Labor to consider scrapping negative gearing and capital gains tax discounts ahead of the federal budget next week.
The minor party’s housing spokesperson, Max Chandler-Mather, and economic spokesperson, Nick McKim, wrote to the treasurer yesterday asking him to consider winding back the Howard-era changes that give property investors tax break incentives to accumulate more real estate.
It’s time for your party to make a choice – do you represent the property investor who owns 100 houses or do you stand with the young teacher or nurse who has given up on owning a home because negative gearing and capital gains discounts have stacked the deck in favour of the wealthy?
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