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Federal politics live: PM confirms Treasury will release discussion paper for 'further input' on CGT changes
Anthony Albanese says Treasury will release a discussion paper for "further input" on the government's capital gains tax changes.
Earlier, Finance Minister Katy Gallagher revealed that an extension to the fuel excise cut was under "active consideration".
Jim Chalmers is asked if he thinks One Nation will gain even more supporters should the governent not be able to get inflation under control.
The treasurer people are obviously under pressure and they'll express that in a range of ways, "including in opinion polls".
"We understand that the pace of change is accelerating in our economy and in our society. We understand that the global uncertainty is intensifying and people have got legitimate concerns about where they fit in that story of churn and change and governments have got a choice whether to dismiss those legitimate concerns, whether to deny those legitimate concerns or try and act to address them," he says.
NAB boss says budget changes already hurting economy
NAB chief executive Andrew Irvine has urged the government to rethink its proposed changes to capital gains and trust tax settings for businesses, warning that Australia is in a global battle to attract risk capital and preserve its reputation as one of the best places in the world to live and work.
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