Labor MPs expect eventual concessions for startups after backlash to CGT changes

Several MPs tell Guardian Australia they are keen to see tweaks, and some are engaging directly with treasurer’s office

• Get our breaking news email, free app or daily news podcast

Labor MPs expect the government will agree to capital gains tax concessions for startup businesses after a meme-fuelled backlash to the budget, with some wary that scare campaigns could “get out of hand” without clearer explanation of the changes from Anthony Albanese and Jim Chalmers.

Guardian Australia spoke to a number of Labor MPs nationwide. Speaking on condition of anonymity, several MPs said they were keen to see change on CGT, with some engaging directly with Chalmers’ office.