While the 2015-16 Budget delivered welcome new investment in early childhood education and care and charted a fairer path on pension reform, the combined effect of the two budgets is to leave people on low incomes to once again bear the burden of Budget restraint.

Calls for action to restrict tax deductions for negatively geared property investments and the 50% discount on Capital Gains Tax, that are together costing the Budget $7 billion a year and fuelling housing price booms. SummaryA vital goal for tax reform is to improve the affordability of housing. Australia has among the most expensive housing...