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Australia election 2025 live: Greens to use hung parliament to revive political fight over negative gearing and capital gains tax

Australia election 2025 live: Greens to use hung parliament to revive political fight over negative gearing and capital gains tax

The Guardian08-04-2025

Show key events only Please turn on JavaScript to use this feature Sarah Basford Canales
New Liberal candidate for Whitlam defends 2019 claims about 'Marxist ideologies' in schools
The new Liberal candidate for Whitlam has defended claims he made in 2019 while he was a NSW MP that students were being 'brainwashed' by Marxist and woke ideologies in schools
Nathaniel Smith, who replaced Benjamin Britton as the opposition's frontrunner in the long-held Labor seat, said in a statement on Tuesday evening he advocated for 'better education standards for our kids' and would fight to get the education system 'back to basics'.
Smith was announced as the replacement candidate on the weekend after Guardian Australia revealed Britton has shared a string of controversial views on fringe podcasts last year.
These views included that women should be banned from frontline roles in the military and that the education system was 'indoctrinating' young Australians about Marxist ideologies.
Smith, a former Wollondilly MP and member of the Liberal party's religious conservative faction, said in his 2019 maiden speech in NSW parliament that 'political correctness in this country has gone too far'.
He said at the time:
I believe childhood is a period of innocence. I want to see schools teach core skills, not agendas. I want my children to learn about history, geography, mathematics, Western civilisation, science and the arts; not Safe Schools, gender fluidity and other forms of Marxist brainwashing.
In response to questions from Guardian Australia about whether he still held these views, Smith responded he advocated for 'better education standards for our kids'.
He said:
Australia's school students are falling further behind their international peers, while the Labor government is encouraging activism rather than making common sense improvements to the school curriculum.
A Liberal government will help get our education system back to basics by focusing on explicit instruction and other evidence-based teaching methods which prioritise reading, writing, maths and science.
You can read more here: Share Dan Jervis-Bardy
Here's some more detail on the Greens' proposal:
The Greens tried to force Labor to revisit the tax concessions during bitter negotiations on housing legislation before conceding Anthony Albanese wouldn't touch them.
Treasury officials did examine options last year to redesign the tax breaks before the government decided against resurrecting some version of the policies former Labor leader Bill Shorten took to the 2016 and 2019 elections.
Albanese and the treasurer, Jim Chalmers, have repeatedly ruled out changes in recent months, arguing that boosting supply - rather than winding back concessions for property investors - was the solution to the housing crisis.
Bandt will put the issue back on the agenda on Wednesday, claiming the global stock market turmoil caused by Trump's tariffs has made reform even more necessary and urgent.
The Greens leader is expected to tell the press club:
Renters and first home buyers may get smashed even further in the next few months as wealthy investors spooked by Trump leave stocks and shares and pile into property, pushing house prices into the stratosphere.
Investors with big money behind them could jump into the housing market because of these incentives and lower interest rates, while first homebuyers with their life savings would be priced out of the already overheated market.
Under the Greens' proposal, negative gearing and the 50% capital gains discount would be grandfathered and restricted to one property to protect 'mum and dad investors'. Share Catie McLeod
Hello. I'll be with you on the blog this morning, where we will continue our coverage of the federal election campaign.
Adam Bandt is set to revive the political fight over negative gearing and capital gains tax as the Greens leader uses Donald Trump's 'global tariff mayhem' to mount a fresh case to wind back the concessions. Bandt will use a speech to the National Press Club to announce the minor party will insist on changes to the tax breaks in a hung parliament.
I'll bring you more on this shortly.
Neither Anthony Albanese or Peter Dutton made a major misstep in the Sky News forum in western Sydney as the two leaders held their first debate last night. Albanese was voted the winner in a poll of 100 undecided voters; the PM won 44 votes, Dutton won 35 and 21 remained undecided.
The treasurer, Jim Chalmers, and the opposition's treasury spokesperson, Angus Taylor, will have their own televised debate tonight. Share

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U.K., Canada, Australia and others sanction 2 far-right Israeli ministers for 'inciting extremist violence'
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U.K., Canada, Australia and others sanction 2 far-right Israeli ministers for 'inciting extremist violence'

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Thousands attend candle-lit vigil for Austrian school shooting victims in Graz
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How Trump's $45 million DC parade will lower food prices
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How Trump's $45 million DC parade will lower food prices

President Trump promised to get those grocery prices down. He's a master dealmaker, so he said prices would drop on Day 1. I've noticed that didn't happen, since I'm still paying $10 for a box of Patriot-O's cereal ("It's like an insurrection in your tummy!") and alternating which kid gets to eat dinner each night. Trump spending millions sending troops to LA will lower food prices But that's all part of Trump's genius. He SAID grocery prices would fall immediately, then they didn't, and now he's spending millions on things that appear to have nothing to do with lowering grocery prices or inflation. CHECKMATE, DEMOCRATS! Opinion: After LA, Trump hard launches new First Amendment: Only MAGA can protest I'm confident that once MY president uses loads of taxpayer money squashing the LA protests he smartly provoked and celebrating his birthday by destroying the streets of DC with a tank parade, grocery stores and food suppliers will have no choice but to drop their prices. Because who knows what this guy might do next? It's the art of the deal, baby! Trump's business savvy means we all benefit from his birthday parade Say you're a grocery store owner and you're about to slap a price tag on a box of cereal. Those cereal producers might be charging the store more because of Trump's incredibly smart tariffs, or because of supply chain issues, or because of the inflation Trump promised would disappear, that hasn't disappeared yet. (That's also part of his master plan - he's trying to confuse inflation so it won't know what to expect out of him. Classic dealmaker maneuver.) Opinion: Trump lied about LA protests to deploy the National Guard. He wants violence. If you're a Marxist, radical, socialist Democrat, you probably think: The grocery store owner is going to put a higher price on the cereal because it costs them more, and they need to make a profit. WRONG! 'I'm going to patriotically lower the cost of this cereal' That grocery store owner is going to think: "Since President Trump was willing to spend millions in taxpayer money to send the Marines into Los Angeles to fight people I don't like, and because he loves America so much he made America pay for his birthday parade, I'm going to patriotically lower the cost of this cereal to make my president look good, even if it means I'll go out of business in three months." Duh. That's a little thing called good ol' American capitalism, you lefty doorknobs. Look it up!! Enjoy the military parade and the US invasion of LA, MAGA! So yes, as an American who loves America and has invested my life savings in President Trump's cryptocurrency, I feel 1,000% confident that dropping nearly $200 million on invading Los Angeles and rolling tanks through our nation's capital will lower grocery prices and probably also reduce inflation. The rest of you just don't understand how America can get great again. Maybe if you watch the big June 14 military parade that we're paying for, you'll understand. Follow USA TODAY columnist Rex Huppke on Bluesky at @ and on Facebook at

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