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'Time Has Come': Shorten Backs Budget's Broken Promise
Bill Shorten says the change is fair and could help buyers facing high housing costs, even as it breaks Labor's election pledge.
- Bill Shorten defended Anthony Albanese's government on Tuesday as it prepares to break an election promise over negative gearing in the upcoming Federal Budget, arguing fairness should take precedence.
- Labor is betting the electorate will reward the policy shift prioritizing housing affordability, despite Shorten having unsuccessfully taken negative gearing reform to the 2019 election.
- Shorten compared the change to previous tax adjustments favoring 13 million to 14 million winners, telling AAP, 'It's an idea whose time has well and truly come.'
- Adviser Sean Kelly argues broken promises can be powerful with voters, contending 'it's a betrayal can have an emotional element' complicating the government's political calculation.
- For Julia Gillard, factors like 'a wall of misogyny' influenced voter perception of her broken carbon tax promise, Kelly noted, illustrating how context shapes political consequences of broken pledges.
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Can you break a promise? The government has just bet the house on it
ANALYSIS: When's the best time to break an election promise?The government will be hoping it's when your political opponent is in a shambles and the national mood has changed significantly since a crushing election loss many blamed on the very reforms Labor is attempting once again.Under this year's budget, the capital gains tax (CGT) discount and negative gearing have been wound back, ending longstanding and generous tax breaks that have been i…
·Australia
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Coverage Details
Total News Sources14
Leaning Left5Leaning Right3Center1Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
11%
R 33%
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