Treasurer attacks Labor’s capital gains tax plan | Sky News Australia

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The Treasurer has attacked Labor's plan to halve the capital gains tax discount, warning thousands of Australians will be hit with the 'highest rates' in the Western world.

 

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MattPSmith JoshFrydenberg Public subsidised speculation which has created 90% growth over 6 years, creating systemic risk. Not defendable

MattPSmith JoshFrydenberg

MattPSmith JoshFrydenberg Seriously surely you jest!

MattPSmith JoshFrydenberg The message is... We can't be stuffed fixing housing, we've bought ours!

MattPSmith JoshFrydenberg If you own several properties, he must be doing a great job. Is he doing a good job for first home buyers and single home owners

MattPSmith JoshFrydenberg Hahahaha - nice try guys! Love your enthusiasm - keep it up!

MattPSmith JoshFrydenberg Matt does set the bar fairly low to be fair

MattPSmith JoshFrydenberg Whats the message? That its bad for the Liberals Rich Mates if Labor get rid of Negative Gearing? The BUDGET cant afford Negative Gearing, whats more important Hospital,School funding or tax concessions for Liberal rich mates? I know what most people prefer!!!

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Labor super tax to hurt mothers and self-employed, Treasury analysis finds | Sky News AustraliaMothers returning to work from maternity leave and the self-employed would be the hardest hit under Labor's proposed changes to the superannuation tax, new Treasury analysis has revealed.\n\nThe Australian reports that if elected, Opposition leader Bill Shorten would enact a set of changes to taxation that would affect up to a million Australians.\n\nOne proposal involves deducting superannuation contributions for people who are partly self-employed from their business income.\n\nThe high-income super-contribution would also be lowered from $250,000 to $200,000, bringing more earners into the 30 per cent tax rate on concessional contributions.\n\nTreasurer Josh Frydenberg has slammed the plan saying the changes would not only discourage people from saving but 'punish those who do'.\n\n\n\n\n\n\n\n Birmo billshortenmp Are you in jail Birmo billshortenmp Thanks Sky for the free party political broadcast. Birmo billshortenmp Here we go folks, another clown has popped his head up with a scaremonger attempt. Whos' next, Greg Hunt, Julie Bishop, what about Mathias 'IdontusecommersorfullstopsinsentenceswhenImspeakingtothepublic Cormann.
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Frydenberg's opposition to Labor housing plan ‘not based on economics’ | Sky News AustraliaThe Opposition has slammed the Treasurer’s attack on its plan to slash capital gains tax discounts by half.\n\nLabor says the plan will stop young people being squeezed out of the market, but Josh Frydenberg warns Australians will be hit with the ‘highest rates’ in the Western world.\n\nLabor Senator Doug Cameron says Mr Frydenberg's argument is 'ideological and political, not based on economics'. \n\nImage: News Corp Australia \n\n\n\n Please do not use the words labor and economics in one sentence. Labor and debt is suitable and labor and open borders is also acceptable I wish the Senator would support his statements with some analysis. Labor silent on embattled union boss John Setka auspol skynews
Source: SkyNewsAust - 🏆 7. / 78 Read more »