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ALP leads, negative gearing splits voters

Labor’s $32 billion plan to trim back negative gearing hasn’t received strong support from voters despite the party being ahead of the Coalition, a new poll shows.

Why voting is important

Australians aren’t overwhelmingly buying Labor’s $32 billion plan to trim back negative gearing despite voters putting the party ahead of the Coalition, a new Ipsos poll shows.

The reform divided voters with 44 per cent against the policy to restrict tax deductions on investment properties while 43 per cent were in favour, the poll published by the Sydney Morning Herald on Sunday night shows.

Australian Opposition leader Bill Shorten delivers his speech during day one of the Labor Party National Conference in Adelaide. Picture: AAP/Lukas Coch
Australian Opposition leader Bill Shorten delivers his speech during day one of the Labor Party National Conference in Adelaide. Picture: AAP/Lukas Coch

Yet voters put Labor ahead of the Coalition on two-party-preferred terms - 54 to 46 per cent.

It comes as Labor’s primary vote rose from 34 to 37 per cent over the past month while the Coalition’s dipped one per cent in the same period to 36 per cent.

SELECT AMENDMENTS TO LABOR’S POLICY PLATFORM

* Workers should have a formal voice in the running of the companies they work for

* Future trade agreements will be banned if they waive labour market testing

* The independence and integrity of the Australian Research Council will be restored

* Establish a Royal Commission Implementation Taskforce to respond to banking inquiry

* Crack down on banks and other dodgy lenders

* Eliminate $450 minimum threshold for compulsory employer superannuation contributions

* Put in place a new Environment Act and establish a national Environmental Protection Agency

* Increase superannuation guarantee to 12 per cent without delay

* Review women’s superannuation within six months of being elected

* Ensuring adequate staffing levels in aged care

* International forestry schemes operating in Australia must have workers’ representatives on their board

* Create a Just Transition Authority to mitigate effects of coal power station closures on regional communities

* Declare northern Tasmania a Renewable Energy Zone, prioritising the development of wind farms.

Original URL: https://www.news.com.au/national/politics/alp-leads-negative-gearing-splits-voters/news-story/4ad095634c68298c979ee856978a4772