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Housing plans doomed if govt abandons negative gearing and CGT reform

Media Release
Lee Rhiannon 3 May 2017
The Greens say the Coalition’s refusal to reform negative gearing and the capital gains tax discount means their plan for housing affordability is doomed. 
“Continuing to allow investor tax concessions to supercharge the housing market is profoundly irresponsible,” Greens spokesperson for housing Senator Lee Rhiannon said. 
“Any plan for housing affordability in next week’s budget that gives a leg up to first home buyers without ending the gross advantages that investors receive will only bid up prices. 
“Dealing with one side of the ledger without dealing with the other is a futile game, and the Turnbull government knows it.
“The only thing Scott Morrison has ruled out doing in the budget is the very thing that needs to be front and centre of housing policy: reforming negative gearing and the capital gains tax discount,” Senator Rhiannon said. 
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