Albanese calls Taylor ‘Temu Abbott’ as bitter fight rages over budget tax changes

Key points

• Anthony Albanese has ridiculed Angus Taylor as a “Temu [Tony] Abbott” amid an increasingly bitter fight over tax changes in the budget, as the Greens raise concerns about key provisions of the government’s proposal.
• Labor will speed the first tranche of its budget legislation through the lower house on Thursday, and hopes to pass it through the Senate within weeks.
• Greens support is required to pass the proposed changes to negative gearing, family trusts and capital gains tax through the Senate, but treasury spokesperson Nick McKim said his party were concerned about the government having sweeping discretionary powers to change tax rules.
• Albanese defended the changes in a speech to parliament on Wednesday, saying most workers had “never even heard of a discretionary trust”.
• The Coalition opposes the changes and plans to move amendments to split the legislation in order to support the $250 Working Australians Tax Offset (Wato) while...