Labor budget sparks election demands over tax changes | 7NEWS

Labor’s federal budget faces mounting criticism over proposed tax changes, including grandfathering negative gearing and replacing the 50% capital gains tax discount with an inflation-adjusted model. NSW Premier Chris Minns has joined critics in calling for the federal government to return more money to top tax bracket earners, while Opposition Leader Angus Taylor demands an election to settle the issue. Prime Minister Anthony Albanese vows to push the legislation through Parliament before the July winter break despite the controversy.

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