Labor left to push for super profits tax at national conference as housing crisis rages

Delegates at Labor’s national conference this week will argue funding for social and affordable homes should be raised via a 40% tariff on top-earning companies

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Labor’s left faction is pushing for a tax on corporate super profits to alleviate the housing crisis, warning inaction could result in Anthony Albanese leading a one-term government.

Delegates will argue for the 40% tariff on Australia’s top-earning companies to build 750,000 social and affordable homes by 2041 at the party’s national conference, beginning on Thursday.

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