Treasurer on stage three tax cuts

Australian Community Media

Australian Treasurer Jim Chalmers is interviewed about stage three tax cuts on the Today show. Journalist Karl Stefanovic questions the treasurer about rumours that the tax cuts pave the way for negative gearing.

Transcript

00:00 This is about a tangible benefit for more people to help with the cost of living.

00:04 We shouldn't lose sight of that.

00:05 Still, you must be buoyed by the polls today on tax cuts.

00:08 It kind of smoothed the way, does it not, for negative gearing changes?

00:12 Well, I don't see it that way, Carl, the second half of your question.

00:16 But on the first half of your question, you know, it's been really obvious even before

00:20 the polls overnight.

00:23 As I moved around the country over the course of last week, speaking to steel workers and

00:26 early childhood educators and health care workers and plumbers and sprinkler fitters,

00:32 that there's a lot of support for what we're proposing here.

00:34 And that's because we're doing the right thing for the right reasons in the interests of

00:38 the people.

00:39 So the polls and the pundits, they will take care of themselves.

00:42 This is really about a tangible benefit.

00:44 It's about a cost of living tax cut for more people to deal with the pressures that we

00:48 know they're under.

00:49 The negative gearing rumours persist nonetheless.

00:51 Well, not because of us, Carl.

00:54 I understand we'll get asked about other tax changes from time to time.

00:59 But the reason our opponents want to focus on that, they want to focus on what we're

01:02 not proposing because they can't defend their position on what we are proposing.

01:06 What we are proposing is a bigger tax cut for more people to deal with the cost of living.

01:11 And the opposition's position on that is indefensible and unsustainable.

01:14 And so they want to talk about everything else.

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