Former Victorian Premier, Jeff Kennett, has entered the negative gearing debate, backing Labor’s reforms and slamming his former party’s intransigence. From The AFR:
“I’m very disappointed at the way in which my side of politics are arguing against what I think is an eminently supportable concept that’s been put forward by the Labor Party in terms of negative gearing,” [Kennett] said.
“Our people are saying it’s not going to deliver the benefits in the short term but this isn’t a short race. We’ve got a huge debt, massive interest rates at $1 billion now in interest a month, $1 billion wasted. So this is a thing that we’ve got to address over a period of time and I think good policy deserves to be supported.”
The pressure on Malcolm Turnbull keeps on building…