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ALP president defends government tax package
ALP president Wayne Swan has backed the government's tax changes after a stinging rebuke from former RBA governor Phil Lowe.
Treasurer responds after budget attack by ex-RBA head
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The treasurer has hit back at attacks to budget tax changes from a former Reserve Bank governor after the contentious laws passed parliament.
Ex-RBA governor Philip Lowe said changes limiting negative gearing and the capital gains tax discount would not boost housing supply levels as flagged by the government.
"It's a mistake, to extend the changes to capital gains tax to risk-bearing assets," he told a presentation on Thursday.
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