Taylor vs Labor: Clash Over Housing Tax Perks

0:00Here's more Sydney news for March 1st. Opposition leader Angus Taylor is gearing up for a major clash with the labor government over potential cuts to property tax perks. He's vowing to fight any moves to scale back negative gearing or the capital gains tax discount and the upcoming May budget. Taylor calls it a direct attack on the Australian dream of home ownership, especially with housing supply already in shortfall. This sets up a showdown similar to the 2019 election, where tax changes became a key battleground. Labor has hinted at these reforms as part of a bigger tax overhaul and business leaders have given them a cautious thumbs up so far. Taylor argues that tinkering with these breaks would make the housing crisis even worse, hurting everyday aspirations. Australians are feeling the pinch from high living costs and its tough property market and younger voters seem more open to changes that could level. The playing field, Taylor, the new liberal leader after a clear win in his party ballot, is drawing from conservative roots like Tony Abbott while keeping a broad team.

1:04In his shadow cabinet, still, poor polling has the opposition under pressure. Taylor is also pushing back on immigration debates, saying multiculturalism has limits and must respect core values like the rule of law. His party plans to introduce a bill blocking aid for returning ISIS families from Syria when parliament resumes Monday. He's called out the homophares minister for conflicts of interest there, looking ahead a bi-election in the Ferrer seat vacated by his predecessor, Susan Lay, plus the South Australian state poll on March 21st, could test Taylor's momentum. The opposition will hammer labor on inflation and these hot button issues to try turning things around. This episode is brought to you in partnership with our sponsor. On travel miles to find peace, I just climb into bed and listen, S-O-L-I-SoliPillow.com.