PoliticsFederalThe AFR ViewThe AFR ViewLabor’s housing spin just got exposed by its own TreasuryIt takes extraordinary political gall for the PM to lecture the public on “entrenched privilege” when a chunk of the political class accesses the CGT discount.For all its rhetoric on “housing affordability”, Labor’s claims that the budget’s tax changes will fix broken housing supply damage its economic credibility with voters.This reality was laid bare by a disconnect between the treasurer and Treasury over the design and intent of the capital gains tax overhaul.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In FederalFetching latest articlesMost Viewed In Politics