# Keating Urges Labor to Stick to Tax Plan

Page: https://stenobird.com/podcast/brisbane-news-today-2-min-news-the-daily-news-now-7581033/keating-urges-labor-to-stick-to-tax-plan
Text version: https://stenobird.com/podcast/brisbane-news-today-2-min-news-the-daily-news-now-7581033/keating-urges-labor-to-stick-to-tax-plan.md
Podcast: [Brisbane News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/brisbane-news-today-2-min-news-the-daily-news-now-7581033)
Published: 2026-05-27T05:09:38+00:00
Episode link: https://api.fastcast.ai/audio/dccfe07e-93b9-4dfe-a57c-bb7c0629a4b6.mp3
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Duration seconds: 107

## Resource

Former PM Paul Keating is rallying Labor to stick with its capital gains tax overhaul, slamming the outdated 50% discount as a drag on productivity that funneled investment into housing instead of growth. He warns exempting commercial assets would create new imbalances, but insists the changes won’t chill entrepreneurship — and that rebalancing capital vs labor taxes should be the top priority. Meanwhile, small businesses are sounding the alarm, fearing stifled investment, while Treasurer Jim Chalmers defends the plan as fixing a decades-old distortion favoring property. The bill, including negative gearing tweaks and a worker tax offset, faces a July deadline but Coalition pushback wants a 2027 start. A potential Greens-Coalition deal could trigger Senate scrutiny, and the shadow treasurer vows to dig deep into the proposals. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/15e4f29d570ddb37

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