House debates

Tuesday, 3 December 2019

Matters of Public Importance

Economy

3:26 pm

Photo of Michael SukkarMichael Sukkar (Deakin, Liberal Party, Assistant Treasurer) Share this | Hansard source

What about increased taxes on family businesses? What about increased taxes, essentially, on electricity and cars? What about the taxes that we have seen a devastating impact just from the prospect of—those being Labor's housing taxes that I referred to earlier? We now categorically know the shadow housing minister is arguing around the opposition ministerial table that they should keep those housing tax policies. We saw what that did to confidence in the housing market—the prospect of Labor's housing taxes doubling capital gains tax and abolishing negative gearing for the tens of thousands of Australians, most of whom are on average incomes, who seek to invest in a property to provide for their future. We see the shadow housing minister still arguing for those. I suspect most people on the front bench here will be making the same arguments.

Ms Payne interjecting

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