Our Property Council Prime Minister, Scott Morrison, has recommenced his scare campaign against Labor’s promised negative gearing and capital gains tax reforms, describing them as a “sledgehammer” that would “crash” the housing market. From News.com.au:
“The risk is this,” the Prime Minister said. “If you now take the sledgehammer of negative gearing and capital gains tax changes — if you abolish negative gearing as we know it — then you’re inviting a housing market crash. And that’s good for nobody.”
