Why Chalmers backtracked on big super balances

This week, the federal government dramatically re-wrote its signature tax policy. The changes mean that a small section of people with very high super balances will pay less tax. That backflip has big consequences – for the government's budget, and for its commitment to addressing wealth inequality in this country. Today, press gallery journalist Paul Bongiorno, on why the government caved to pressure from outside, and within, its own ranks. If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support . Socials: Stay in touch with us on Instagram Guest: Press gallery journalist Paul Bongiorno Photo: AAP Image/Darren England See omnystudio.com/listener for privacy information.