The AFR View
Small target strategy doesn’t add up to reform
Labor has decided attacking the aspirational class won’t get it back into power. But it means both sides of politics now share a mediocre policy middle ground.
Labor is hastening its pre-election tactical retreat from unsellable tax policies. Its earlier plans to oppose the Coalition’s stage three personal tax cuts have now been joined on the scrap heap by the Shorten-era proposals to curb negative gearing and cut the 50 per cent capital gains tax discount that had made successful property investors out of teachers and nurses.
The tax U-turn raises the question of what does the possible Labor treasurer Jim Chalmers believe to be the right policy, and not just in political terms. Alex Ellinghausen
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