{"id":667227,"date":"2026-05-13T01:57:09","date_gmt":"2026-05-13T01:57:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/667227\/"},"modified":"2026-05-13T01:57:09","modified_gmt":"2026-05-13T01:57:09","slug":"jim-chalmers-announces-negative-gearing-capital-gains-tax-reform-coalition-to-support-tax-cuts-keir-starmer-stares-down-uk-leadership-challenge","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/667227\/","title":{"rendered":"Jim Chalmers announces negative gearing, capital gains tax reform; Coalition to support tax cuts; Keir Starmer stares down UK leadership challenge"},"content":{"rendered":"<p>The Coalition will repeal changes to negative gearing and the capital gains tax discount if it is elected, Opposition Leader Angus Taylor says.<\/p>\n<p>\u201cOur position is we\u2019re going to do everything we can to stop these bad taxes, toxic taxes, from getting through the parliament. This is a budget of broken promises and higher taxes and less houses and lower standard of living, and we don\u2019t want these taxes to get through because they are a tax on aspiration, a war on aspiration. They\u2019re not going to solve any intergenerational problem,\u201d Taylor told Sky News this morning.<\/p>\n<p><img decoding=\"async\" alt=\"Opposition Leader Angus Taylor during a television interview after the budget. \" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/05\/ee6b6b9b874461cad3ebe3da315a80bf132277d6.jpeg\"  class=\"sc-d34e428-1 ldCIuB\"\/>Opposition Leader Angus Taylor during a television interview after the budget. Alex Ellinghausen<\/p>\n<p>\u201cWe\u2019ve seen a reduction in the number of houses getting built in this country despite billions of dollars of expenditure &#8230; there\u2019s no shortage of areas where this government is spending and shouldn\u2019t be spending, but because it\u2019s spending this money, it\u2019s whacking Australians with more taxes &#8230; when the government runs out of money, it comes after yours. And that is exactly what\u2019s going on here,\u201d Taylor said.<\/p>\n<p>Taylor described the government\u2019s budget as \u201ca complete intergenerational fraud\u201d, accusing Labor of pitting older and younger generations against each other while attempting to tax Australians more.<\/p>\n<p>\u201cAustralians don\u2019t want that kind of division. They don\u2019t believe in it. We saw that during the Voice [to parliament referendum]. Labor thinks the answer to things is to divide Australians. Well, I think it\u2019s to unite them,\u201d Taylor said.<\/p>\n<p>Taylor said the Coalition would bring policies to the next election that attracted young voters, referencing plans to cut immigration which he said would bring down the cost of housing.<\/p>\n","protected":false},"excerpt":{"rendered":"The Coalition will repeal changes to negative gearing and the capital gains tax discount if it is elected,&hellip;\n","protected":false},"author":2,"featured_media":667228,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,44],"class_list":["post-667227","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/667227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=667227"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/667227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/667228"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=667227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=667227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=667227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}