15/05/2026
https://www.facebook.com/share/p/1FypxL999E/?mibextid=wwXIfr
'Labor spun its May 12 federal budget as “the most significant transformation of Australia’s tax system in more than a quarter of a century”.
It has trimmed back the three infamous tax perks for the rich: negative gearing; the capital gains tax (CGT) discount; and the discretionary trust tax minimisation scam.
The Coalition and Pauline Hanson's One Nation MPs and the Murdoch media have amplified this spin by squealing like stuck pigs.
However, the truth is that Labor’s budget only partially rolls back these tax perks.'
