Sasha Barbour Gatt

A listener production.

Hey Chris, happy Friday.

Anthony Albanese has pushed ahead with his contentious budget bill, introducing all the changes announced two weeks ago to Parliament.

So, a reminder, it includes changes to negative gearing and capital gains tax concessions, a shake-up of how trusts operate, and also changes to personal income tax, including the Working Australians Tax Offset, or WAITO, and also instant tax deductions up to $1,000.

Now, we were reporting yesterday that additional carve-outs could be added to the legislation to the CGT changes, which would make small businesses exempt, but that was not included, Chris.

So that was what you heard Tony Burke getting up.

Anthony Albanese had just delivered a long winded, you know, blah, blah, blah.

This is why this is all so great.

And yeah, you actually, you cannot hear Angus Taylor saying these words.

However, a lot of news channels have zoomed in on his face and have lip read.

And also other members of the house reported him saying that.

So that's where these reports are.

And yes, that was the little exchange that went down after that alleged remark.

Yeah, so that means a second major fight on the controversial decision to include business assets in the capital gains tax concession reforms.

But Labor will be buoyed by modelling that was released by the Treasury, which has forecast 90% of younger Australians will be better off under this tax system overhaul.

Yeah, and I agree.

I can understand why that further debate is warranted and people are scared and worried about their assets.

However, I did see commentary around yesterday that was, you know, all of this money is being ripped out of the NDIS.

It's all passing easily.

We're all worried about these people who are building wealth, basically.