Calls to scrap capital gains tax discount | Credit card fee regulation | US stocks tumble

A former Reserve Bank governor has called for the scrapping of the capital gains tax discount to make housing more affordable; some banking and financial representatives are calling for stronger regulation of the fees charged for processing card transactions; shares in the US tumbled overnight, amid ongoing concerns over AI, and the fallout from the US Supreme Court striking down the Trump administration's tariffs. SBS News is Australia's trusted news source for the latest news from Australia and across the world. Subscribe to the SBS News YouTube channel: https://www.youtube.com/@SBSNews Follow SBS News on Instagram: https://www.instagram.com/sbsnews_au Follow SBS News on TikTok: https://www.tiktok.com/@sbsnews_au Follow SBS News on X: https://www.twitter.com/SBSNews Follow SBS News on Facebook: https://www.facebook.com/sbsnews Apple News: https://trib.al/MTx0gUe For the latest news, visit www.sbs.com.au/news Network Terms & Conditions: https://sbs.com.au/terms Privacy Policy: https://sbs.com.au/privacy Feedback or complaints: https://sbs.com.au/complaints