From The Australian:
A year ago, independent economist Saul Eslake got an unusual call from the Prime Minister’s office.
The official wanted to know how Eslake might respond if two reforms under consideration to limit the size of negative gearing deductions were implemented.
The first was a cap on the number of properties a single investor could negatively gear, and the second was a cap on the dollar amount that investors could claim as a deduction.
Eslake told his caller that the first proposal was junk but the second had some merit.
…Turnbull and Morrison were rolled in cabinet, with Peter Dutton, Josh Frydenberg and Christian Porter arguing against any changes so the Coalition could attack the Labor Party crackdown on negative gearing with “clean hands”.
Well done, chaps, nicely derailing national interest policy and re-election prospects in the process.
