Emotional PM stands firm on tax overhaul amid escalating housing reform fight

Contributing sentiments towards policy:

60% : The reforms would also replace the current 50 per cent capital gains tax discount with a new indexation model and introduce a minimum 30 per cent tax on discretionary trusts.
53% : "Because if it's a matter of an extra $20,000 to bid or $30,000 to bid, they know that they can do that in the comfort that that will be an increase in their tax deduction, that all of you and every Australian taxpayer is their partner here.
52% : The government argues the changes will improve housing affordability and rebalance the tax system.
50% : "When you know that the next generation is doing it tougher than my generation, then you've got to do something about it, that's why we're rebalancing the way that working Australians pay tax.
46% : "Because of the tax breaks that are there, it's not an equal process," Mr Albanese said.
46% : Mr Albanese later argued the current tax system disproportionately favoured wealthier Australians with access to complex financial structures.
42% : The Prime Minister argued younger Australians were increasingly being locked out of the housing market by investors benefiting from generous tax settings.
28% : Anthony Albanese has delivered an emotional defence of Labor's proposed tax overhaul, insisting the government would press ahead with changes to negative gearing and capital gains tax despite growing pressure.

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