Independent Senator David Pocock calls for tax package to be split in the Senate
"The Senate should take more time to review broad changes to capital gains tax across all asset classes."
Key Statements
- Pocock stated that changes to housing tax arrangements and the $250 Working Australian Tax Offset should be passed.
- He argued that the Senate should take more time to review broad changes to capital gains tax (CGT) across all asset classes.
- He criticized the government for avoiding scrutiny and trying to rush the legislation through parliament without sufficient detail.
Political Implications
- Pocock said he would work with any Senate colleagues.
- The Greens would need to join with the Coalition and independents to block the bill in the upper house.
- Greens economic justice spokesman Nick McKim expressed concerns over the treasurer's discretionary powers in the reforms, stating these would be examined in the upcoming two-day inquiry.