Undoing bad policy does not require rewarding those who have benefited from it
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With less than three months to go until the federal budget, you are going to be hearing a lot more about tax. It seems that something is finally going to be done to fix the capital gains tax, but already conservatives are working to give the richest another tax cut.
This week a Senate committee into the 50% CGT discount has held inquiries. My colleague Matt Grudnoff and I made a submission to the committee and Matt provided evidence on Tuesday. Regular readers, however, will not be in any doubt of my position. I have written long and loudly on the topic.