The value of tax breaks given to property investors is 78 times the promised minimum new spend on social housing under the Albanese government’s flagship fund, new data released by the Greens shows.
The Greens want the government to guarantee at least $2.5bn a year to be spent on building social housing and for Albanese to encourage the states and territories to bring in rent caps and freezes.
“It’s morally reprehensible that while millions struggle to keep a roof over their heads, Labor are willing to lock in half a trillion dollars worth of tax concessions for property investors [and] give renters nothing,” Chandler-Mather said.
Chandler-Mather urged the commonwealth to phase out capital gains tax concessions and negative gearing for more than one investment property, and incentivise states to outlaw unlimited rent increases.
“Reintroducing the Haff without any improvements is a pathetic stunt that shows Labor is unable to defend their signature housing policy on its merit,” she told reporters.
This is the best summary I could come up with:
The value of tax breaks given to property investors is 78 times the promised minimum new spend on social housing under the Albanese government’s flagship fund, new data released by the Greens shows.
The Greens want the government to guarantee at least $2.5bn a year to be spent on building social housing and for Albanese to encourage the states and territories to bring in rent caps and freezes.
“It’s morally reprehensible that while millions struggle to keep a roof over their heads, Labor are willing to lock in half a trillion dollars worth of tax concessions for property investors [and] give renters nothing,” Chandler-Mather said.
Chandler-Mather urged the commonwealth to phase out capital gains tax concessions and negative gearing for more than one investment property, and incentivise states to outlaw unlimited rent increases.
“Reintroducing the Haff without any improvements is a pathetic stunt that shows Labor is unable to defend their signature housing policy on its merit,” she told reporters.
I’m a bot and I’m open source!
What a good bot you are! <3
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Yeah I think it’s better to have it in the post body itself though, rather than searching through comments for the TL;DR.
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Nup wasn’t me - it would be nice if the bot had rights to edit post bodies, put in a TLDR if it’s empty. Whaddya reckon @lodion ?
I’m not a big fan of anyone other than the author having default rights to change anything.
But as the OP, you could copy the bots tldr up there.