CANBERRA, ACT, June 14 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: tax reform legislation
Tara Brown:
Thank you for your time, Treasurer.
Jim Chalmers:
Thanks very much, Tara.
Brown:
Did you intend to make life harder for young Australians?
Chalmers:
Of course not. This is all about making it easier for young Australians to buy their first home. And it's also about cutting taxes for workers and better aligning the tax treatment of labour income and asset income.
Brown:
Do you concede, at all, that this might be an unintended consequence with your tax reform?
Chalmers:
No. What we'll see with our tax reforms is if these changes had been in place, something like 90percent of young people would h...