The Greens are continuing discussions with the government on its tax package.
“We are pleased that Labor will amend the sweeping ministerial powers after we raised them in discussions,” Greens Economic Justice spokesperson Senator Nick McKim said.
“But the absurdly generous grandfathering provisions make this legislation a major missed opportunity.”
“There is $33 billion a year just in negative gearing handouts for people with two or more properties – this is money that could directly fund cost of living relief for renters and mortgage holders.”
“We are yet to see Labor’s amendments, but we are continuing discussions and look forward to seeing them soon.”
“Despite the changes, Labor’s lack of ambition means the housing crisis will remain more harmful and long lasting than it needs to be.”
