CANBERRA, ACT, May 12 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: federal Budget, housing, tax reform, tax cuts
Ashleigh Raper:
Have you done tonight what Labor has always wanted to do on negative gearing and capital gains tax?
Jim Chalmers:
No, I think our government's focus was overwhelmingly for the first 4years on the major challenge, which is housing supply. But increasingly over time, it's become clear to us that even though the challenge begins with supply, it doesn't end there. There are other issues, particularly where the housing market and the tax system intersect, which warrant our attention. And so where we've come to a different view, on those key policies that we're announcing tonight, ...