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flag Australian MP proposes tax shift from labor to assets, cutting workers' taxes by $1,600 annually.

flag Independent MP Allegra Spender has proposed a revenue-neutral tax reform to cut average Australian workers' income taxes by over $1,600 annually, shifting the burden from labor to assets. flag The plan, unveiled at the National Press Club, targets capital gains, trusts, and negative gearing to offset income tax reductions, aiming to ease pressure on younger workers amid aging demographics and bracket creep. flag It seeks to promote intergenerational fairness and economic equity without increasing government revenue.

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