Scott Morrison (Cook, Liberal Party, Treasurer) Share this | Hansard source

And what those opposite are proposing is that those who would invest in apartments, those who would create the rental stock and make it available for the 30 per cent of people who rent in this country—they are saying to them, 'Not only are we going to take one of three out of the purchasers who might buy your property out of the market but we are also going to increase the capital gains tax on your gain by 50 per cent.' If those opposite cannot understand that that would not have a terrible impact on the sort of numbers that we are seeing in here in the December quarter national accounts, and if they do not understand that that puts at risk the transitioning of our economy, then they simply do not get it.

Mr Brendan O'Connor interjecting—

Mr Bowen interjecting —

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