Via the AFR:
Scott Morrison dismissed Treasury advice that Labor’s negative gearing policy would have only a modest impact on house prices because he did not believe it.
Mr Morrison, who insists Labor’s policy would take a “sledgehammer” to the housing market, said he valued his own personal expertise over that of his department which gave him the advice in 2016.
“I didn’t agree with them. That’s why,” he said when asked why he did not accept the advice.
“My first job was as a research economist in the property sector.”
A month ago, previously confidential Treasury advice released to the ABC under freedom of information laws found Labor’s negative gearing and capital gains tax policies would probably have a “small” impact on property prices.
How wonderful it is to have a Treasurer more concerned about property prices than the economy and reform.
