Coalition Vows to Scrap Labor's Tax Overhaul

Coalition Vows to Scrap Labor's Tax Overhaul

Published: May 13, 2026

Duration: 1:19

The Coalition vows to scrap Labors tax overhaul, including changes to negative gearing and capital gains tax. Theyll block most of Labors budget moves, except for a new tax offset for workers and hospital funding. Critics argue these tax breaks mainly benefit the wealthy, sparking a heated debate. The tax tug-of-war shapes the election battle and could impact everyday Australians wallets.

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This is an automated, high-level news summary based on public reporting.
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