Labor’s tax grab blasted as ‘poison pill’ amid budget fallout

Liberal Senator Dave Sharma calls the Albanese government’s changes to negative gearing and capital gains tax a “poison pill”.

“The abolition of the capital gain tax discount, which will hurt small businesses … a minimum of 30 per cent investment tax, which will hit students and anyone else who happens to own shares or ATS,” Mr Sharma told Sky News host Sharri Markson.

“This is a bad budget. The government should go back to the drawing board and listen to some of its own MPs.”