Property Council PM launches new front of negative gearing lies

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By Leith van Onselen

Australia’s Property Council Prime Minister, Scott Morrison, has launched a new front in his fight against Labor’s negative gearing policy: claiming that it would lose Australia its prized sovereign AAA credit rating. From The AFR:

Prime Minister Scott Morrison claimed on Thursday Labor’s policy would crash the country’s AAA credit rating as he continued to insist assets which were now negatively geared would be affected…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.