What’s making news today
Good morning and welcome to our national news live blog for Thursday, May 14. My name is Emily Kaine, and I’ll be helming our coverage this morning. Here’s what you need to know.
- Yesterday’s coverage was dominated by responses to the government’s federal budget, which was handed down on Tuesday night by Treasurer Jim Chalmers. The Coalition said it would seek to repeal Labor’s changes to negative gearing and the capital gains tax discount if elected. We will continue bringing you the latest reactions to the budget here.
- Albanese also defended his use of negative gearing to buy a NSW Central Coast property, after the opposition linked the $4.3 million purchase to the limits placed on future buyers.
- Chalmers insisted the government would be able to deliver the budget savings promised, and said yesterday it would be “difficult but doable”.
- A repatriation flight has been secured to bring six Australian passengers who were on the hantavirus-struck cruise ship home from the Netherlands, where they have been in hotel quarantine since Tuesday. When they arrive home, the group will be sent to a quarantine facility in Perth.
- US President Donald Trump has touched down in China for a meeting with Chinese President Xi Jinping. The pair will discuss the Iran war, trade, Taiwan and artificial intelligence in their high-stakes meeting.
Taylor to deliver budget reply speech tonight
Opposition Leader Angus Taylor will deliver his budget reply speech tonight, during which he is expected to outline an alternative vision to One Nation and oppose Labor’s changes to negative gearing and the capital gains tax discount.
Yesterday, the Coalition said it would repeal the government’s changes to negative gearing and capital gains tax if elected.
Taylor is considering a tax pledge, as reported earlier this week, which may include pegging marginal tax rates to inflation or wage growth to reduce bracket creep.
The opposition leader is also expected to outline a migration policy that would see migration numbers match the number of new homes built.
Trump lands in Beijing to lock horns on Iran, trade and AI
US President Donald Trump has landed in Beijing for his highly anticipated summit with Chinese leader Xi Jinping, with the Iran war, trade, Taiwan and artificial intelligence the key talking points of their high-stakes meeting.
Trump was greeted by Chinese Vice President Han Zheng and other dignitaries as he stepped off Air Force One and onto a red carpet at the city’s Capital International Airport on Wednesday evening for the two-day summit.
He was welcomed by a military honour guard, a military band, and hundreds of Chinese youth waving US and Chinese flags.
Trump’s state visit to China – the first by a US president in almost a decade – comes saddled with the baggage of the Iran war, which has triggered a global energy crisis, and injected fresh tensions into the summit due to Beijing’s close diplomatic ties with Tehran as the largest buyer of its oil.
Both Trump and Xi will be seeking to stabilise their fragile trade truce secured in South Korea in October when their formal talks begin this morning at the Great Hall of the People.
What’s making news today
Good morning and welcome to our national news live blog for Thursday, May 14. My name is Emily Kaine, and I’ll be helming our coverage this morning. Here’s what you need to know.
- Yesterday’s coverage was dominated by responses to the government’s federal budget, which was handed down on Tuesday night by Treasurer Jim Chalmers. The Coalition said it would seek to repeal Labor’s changes to negative gearing and the capital gains tax discount if elected. We will continue bringing you the latest reactions to the budget here.
- Albanese also defended his use of negative gearing to buy a NSW Central Coast property, after the opposition linked the $4.3 million purchase to the limits placed on future buyers.
- Chalmers insisted the government would be able to deliver the budget savings promised, and said yesterday it would be “difficult but doable”.
- A repatriation flight has been secured to bring six Australian passengers who were on the hantavirus-struck cruise ship home from the Netherlands, where they have been in hotel quarantine since Tuesday. When they arrive home, the group will be sent to a quarantine facility in Perth.
- US President Donald Trump has touched down in China for a meeting with Chinese President Xi Jinping. The pair will discuss the Iran war, trade, Taiwan and artificial intelligence in their high-stakes meeting.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: www.smh.com.au
