Politics Now PM 'mops up' as Ley officially exits
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Feb 27, 2026 Sussan Ley’s sudden resignation and the resulting by-election in Farrer take center stage. Listeners probe the political risks of changing negative gearing and capital gains rules. Debate turns to how economic reform, polling and electoral calculations shape party strategy. Questions also probe recent leadership missteps and efforts to recalibrate progressive patriotism and national unity.
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Sussan Ley's Immediate Resignation Changes Theatre Of Exit
- Sussan Ley resigned immediately, sparking a by-election in Farrer and avoiding a valedictory speech in parliament.
- Patricia Karvelas suggests Ley's early exit reflects personal hurt and unwillingness to face colleagues after leadership pressure and political knifeing.
Labor Nears A Decision On Property Tax Reform
- Labor is weighing winding back the capital gains tax discount and negative gearing amid shifting public opinion.
- Fran Kelly cites polling showing ~40% support for reducing the CGT discount and recommends grandfathering existing owners to reduce political fallout.
Wait For Public Consensus Before Tax Changes
- Build a strong public case before moving on property taxes to blunt political attacks.
- Patricia Karvelas advises economists and Treasury make the budget 'economics not politics' and to wait for clear voter consensus on tackling property tax incentives.