Treasurer Chalmers Addresses Budget Backlash Amid Controversies
Afternoon Update: Chalmers blames ‘scare campaign’ for budget backlash; neo-Nazis challenge hate ban; and visually impaired bowlers
The Guardian
Image: The Guardian
Treasurer Jim Chalmers has attributed the backlash against the government's proposed tax reforms to an 'unhinged scare campaign.' Despite facing political fallout, he insists on the necessity of reforming Australia's housing and tax systems. Meanwhile, visually impaired bowlers are competing at a national championship in New South Wales.
- 01Jim Chalmers acknowledged that Labor has faced a political hit following negative reactions to the recent budget, as indicated by a Newspoll.
- 02Chalmers emphasized the government's commitment to reforming the 'broken' housing and tax systems despite short-term political costs.
- 03The Australian Blind Bowlers Association is currently hosting a national championship in northern New South Wales for visually impaired bowlers.
- 04Cate Blanchett expressed concerns about the rapid decline of the #MeToo movement in Hollywood during her appearance at the Cannes film festival.
- 05A federal court ruling against Coles for misleading discount promotions has raised concerns among Australian retailers regarding consumer trust.
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Treasurer Jim Chalmers has responded to the backlash against the Australian government's proposed reforms to negative gearing, capital gains tax, and trusts, attributing it to what he called an 'unhinged scare campaign.' He acknowledged that Labor has taken a 'political hit' from the negative reception, as reflected in the latest Newspoll. Chalmers reaffirmed the government's commitment to addressing the 'broken' housing and tax systems, even if it incurs short-term political costs. In other news, visually impaired bowlers from across Australia are participating in the national championships organized by the Australian Blind Bowlers Association at Club Tweed in northern New South Wales. Additionally, actress Cate Blanchett commented on the challenges women face in Hollywood, lamenting the quick decline of the #MeToo movement during her speech at the Cannes film festival. Meanwhile, a landmark federal court ruling found Coles misled consumers with false discount promotions, prompting scrutiny of Australian retailers' practices.
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The proposed tax reforms could significantly affect housing affordability and investment strategies for Australians.
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