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AAP
AAP
Zac de Silva and Andrew Brown

Labor luminary takes aim at housing tax breaks

There's growing calls for capital gains tax breaks to be wound back on investment properties. (Bianca De Marchi/AAP PHOTOS)

Labor luminary Bill Kelty has urged the government to make its mark on Australian history by overhauling the nation's tax system - starting by winding back tax discounts on investment properties.

The long-time unionist who helped draft many of the Hawke-Keating economic reforms argues the current capital gains tax discount is overly generous and favours wealthier Australians.

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