John Howard (Bennelong, Liberal Party, Prime Minister) Share this | Hansard source

If the Labor Party wants to start advocating American housing policies, including a capital gains tax on the family home, this government will be very happy to oblige the member for Lilley and, indeed, the Leader of the Opposition. Of course interest rates in the United States have been lower than they have been in Australia; that is obvious. The reason is that the United States economy was flattened a few years ago by adverse economic developments. The reason the Australian economy was not flattened is that this government managed the Australian economy better than the American administration did the American economy.

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