Jim Chalmers grilled over taxing issue as he says potential tax system changes in Budget ‘remains to be seen’

Treasurer Jim Chalmers has indicated potential tax system changes in Australia’s upcoming Budget, focusing on election promises like income tax cuts, while Housing Minister Clare O’Neil has not ruled out adjustments to negative gearing and capital gains tax for property investors. Both ministers emphasize the need for economic reform and addressing housing supply challenges, although no immediate tax increases on superannuation or older Australians are planned.