Chalmers takes an axe to Taylor’s tax plans as he walks back CGT changes
Treasurer Jim Chalmers has criticized opposition leader Angus Taylor's tax plans, particularly the proposal to index tax brackets. Chalmers warned that Taylor's plan could add over $250 billion to national debt. He also indicated that Labor may reconsider its capital gains tax changes to support business start-ups and venture capital.
- ▪Chalmers dismissed Taylor's tax indexing proposal as irresponsible and costly.
- ▪He stated that the Coalition's plan would add significant debt and interest to the budget.
- ▪Taylor countered that Labor's tax proposals would lead to substantial income tax increases.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.