Treasurer Jim Chalmers says he hopes that the Intergenerational Report will vindicate Labor’s changes to capital gains tax and negative gearing at the budget.
He said that the May budget was the most serious about meeting intergenerational commitments.
“I think the pointiest part of that, the defining part of that, is really the housing market, which has locked young people out for too long,” he said.
“We’re not targeting a particular percentage, but we do want to shift the needle over time because, one of the key conclusions I’m hoping that you draw from this intergenerational report, when you’ve gone through it in detail, is that every page of this Intergenerational Report, in one way or another, justifies, validates, and I hope, one day vindicates the difficult decisions that we’ve taken, reforming the housing market and reforming the tax system.”