{"id":441425,"date":"2026-05-30T05:43:14","date_gmt":"2026-05-29T19:43:14","guid":{"rendered":"https:\/\/www.vibewire.com.au\/?p=441425"},"modified":"2026-05-30T05:44:48","modified_gmt":"2026-05-29T19:44:48","slug":"australian-government-tables-major-tax-cuts-for-workers-and-property-reforms","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=441425","title":{"rendered":"Australian Government Tables Major Tax Cuts for Workers and Property Reforms"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Labor government introduced the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 on May 28, offering a $250 annual tax offset for over 13 million workers from mid-2027 and a $1,000 instant work expense deduction next year. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It limits negative gearing to new builds from July 2027 and reforms capital gains tax to target only real gains with a 30% minimum top-up, aiming to ease living costs and help first home buyers. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Critics like Opposition Leader Angus Taylor call it a massive tax grab without a 2025 election mandate, while Labor points to modelling showing most young Australians benefit long-term; the bills now go to committee review.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Critics like Opposition Leader Angus Taylor call it a massive tax grab without a 2025 election mandate.<\/p>\n","protected":false},"author":22,"featured_media":441475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[273,999,35],"tags":[13199],"class_list":["post-441425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australia","category-australia-politics","category-breaking-news","tag-jim-chalmers"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/441425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=441425"}],"version-history":[{"count":2,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/441425\/revisions"}],"predecessor-version":[{"id":441477,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/441425\/revisions\/441477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/media\/441475"}],"wp:attachment":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=441425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=441425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=441425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}