Senate debates

Wednesday, 22 March 2017

Questions without Notice

Negative Gearing

2:57 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

I completely disagree with the inaccurate characterisation that Senator Gallagher has put forward. The coalition is strongly united behind our National Economic Plan for Jobs and Growth. We are strongly united behind the plan that we took to the last election, and that plan of course included our opposition to Labor's disastrous proposals in relation to negative gearing, which would drive up the cost of rental accommodation, drive down the value of established properties around Australia and have a bad effect on investment in our economy. All of these arguments were well articulated in the lead-up to the last election. All of us in the coalition are united behind the policy we took to the last election.

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