I note the #Albanese Government has finally done something about #NegativeGearing and the #CapitalGainsTax in the Budget.
It is only four years late for this mob and it should never have been made in the first place by John Howard’s Government. But as @amyremeikis.bsky.social points out in her excellent book, everything that is wrong with Australia started under the Howard Government.
The Negative Gearing change ‘grandfathers’ (ie, does not apply to) people with existing properties … that would be nearly every politician in the Federal Parliament.
I’ll write that again … the changes to negative gearing do not apply to nearly every single politician in the Federal Parliament.
#AusPol #Budget2026 #Budget26
Edited to add a hashtag