Keating defends Chalmers and Albanese amid CGT backlash, as Minns blasts feds on income tax
Former Prime Minister Paul Keating has defended Treasurer Jim Chalmers amid criticism of the capital gains tax (CGT) reforms. NSW Premier Chris Minns has expressed concerns about the impact of these changes on income tax cuts for workers. The debate highlights tensions between federal and state leaders regarding tax policy and economic strategy.
- ▪Paul Keating accused critics of the CGT overhaul of being motivated by greed.
- ▪Chris Minns called for larger income tax cuts while refusing to endorse Chalmers' CGT changes.
- ▪Keating argued that the CGT reforms aim to restore equity in the taxation of capital profits.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.