to meet head on some failures in the market, then I’m in support,” Mr Hockey said on Monday. Mr Trump apparently became more determined to flex power during his second presidential term after an assassination attempt in July 2024. While feting Mr Trump, Mr Hockey labelled California Governor Gavin Newsom — seen by many to be a future presidential contender for the Democratic Party — as a “weirdo”, without extrapolating further. Mr Hockey said he was happy to label the recent Federal Budget, where those capital gains changes were announced, as the “worst Budget in history”. Mr Hockey said further taxes, including taxes on inheritance and the family home, were “inevitable”, unless spending was reined in.