The treasurer has defended the use of federal officials to explore changes to negative gearing after days of dispute over the housing crisis.
Treasurer Jim Chalmers has defended the use of federal officials to explore changes to negative gearing after days of dispute over the housing crisis, as Labor ministers privately welcome a debate on the $2.7 billion tax concession.
In a move to calm the debate, Labor advisers have instructed all MPs to assure Australians the government would not “resurrect” the Labor policy on negative gearing that votersThe official “talking points” for government MPs do not rule out future policy change and instead play down the idea of repeating the 2019 policy, which sought to restrict negative gearing to new developments and stop it for existing homes.
“Trusting him on these tax issues is tough because he’s said one thing and done another on multiple occasions in the past when it comes to tax,” Taylor said.
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