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A new survey in the Australian Financial Review reveals voter division over the government's budget tax changes, with capital gains tax reforms receiving a net approval rating of zero and negative gearing limits scoring just 7%. Housing Minister Clare O'Neill defends the budget as necessary to address Australia's broken housing market and ageing population, whilst Liberal Senator Michaelia Cash criticises the changes as a broken promise and a tax on aspiration. Commonwealth Bank CEO Matt Comyn has suggested the capital gains tax changes should only apply to non-passive assets like housing rather than start-ups and small businesses.
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