Credit card fee revolt divides government | 7NEWS

By 7NEWS Australia

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Credit card surcharges have sparked a revolt from small businesses against the Albanese government, with Emergency Management Minister Kristy McBain breaking ranks to argue banks should absorb the fees rather than merchants. The controversy has intensified as Opposition Leader Angus Taylor warns that proposed changes to capital gains tax, trusts and surcharges threaten small business viability, while economists predict consumers will ultimately bear the costs. Meanwhile, former Treasurer Josh Frydenberg has launched his autobiography, calling for the Liberal Party to reclaim the middle ground with tougher decisions including increasing the GST to lower income taxes. Subscribe and set 🔔 » https://7news.link/YTSubscribe | For the latest Australian news and breaking news alerts, connect with 7NEWS online: Visit » https://7news.com.au 7Plus » https://7plus.com.au/ 7NEWS Podcast » https://open.spotify.com/user/dm9fk9hzoe68ibpttheragdgi Facebook » https://www.facebook.com/7NewsAustralia

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