Commonwealth Bank economists expect 5% drag on home prices from tax changes, compared with Treasury forecast of 2%. Follow today’s news live
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Australian dream shouldn’t only be in history books says Albanese
Anthony Albanese says Angus Taylor and his Coalition will have a clear choice today to vote for tax cuts or oppose them – as they did on Labor’s tax cuts ahead of the last election.
We are engaging respectfully, as we always do, right across the Parliament. My door is always open, as is the door of the Treasurer and our Senate team. Of course, we will have the inquiry before the Senate sits in a few weeks’ time. That will be an opportunity as well for people to put forward their views, and we welcome that.
I don’t want the Australian dream to be something that is written about in history books of owning your own home. I want everyone to have that opportunity, aspiration.
It seems there is an ideological disagreement where the United States administration has broken with what was decades-long understanding that tariffs are not positive for the country that is imposing them, that they increase the costs of goods and services in the country that is applying them to its consumers, and that free trade is in the interest of the global economy.
Continue reading...This article was originally published by The Guardian and written by Krishani Dhanji.
Read original article on The Guardian