Beer, gas and capital gains tax
Feb 28, 2026 •
In Canberra, a fight both major parties have tried to avoid is back.
The Senate is examining the capital gains tax discount – the Howard-era change that slashed tax on asset profits and helped turn housing into a national obsession.
It’s long been considered untouchable, especially after Labor’s bruising 2019 election defeat. But with house prices entrenched, inequality rising and the budget under strain, pressure is building on the government to do something.
Today, economist and Executive Director of the Australia Institute Richard Denniss, on why the concession exists, the vested interests resisting change, and whether the politics around it are finally shifting.
If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.
Beer, gas and capital gains tax
1833 • Feb 28, 2026
Beer, gas and capital gains tax
In Canberra, a fight both major parties have tried to avoid is back.
The Senate is examining the capital gains tax discount – the Howard-era change that slashed tax on asset profits and helped turn housing into a national obsession.
It’s long been considered untouchable, especially after Labor’s bruising 2019 election defeat. But with house prices entrenched, inequality rising and the budget under strain, pressure is building on the government to do something.
Today, economist and Executive Director of the Australia Institute Richard Denniss, on why the concession exists, the vested interests resisting change, and whether the politics around it are finally shifting.
If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.
Guest: Executive Director of the Australia Institute, Richard Denniss
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7am is a daily show from Solstice Media.
It’s made by Arielle Richards, Atticus Bastow, Chris Dengate, Daniel James, Krystal Keller, Nicole Johnston, Travis Evans and Zoltan Fecso.
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