Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

of the loan, less than the interest, he or she would have to pay that loss out of their after-tax income. It is difficult to imagine anything that would more dramatically cramp, block, investment and entrepreneurship than that. I have never heard of a proposal to deal with negative gearing beyond the residential housing sector. Maybe there have been. I have not seen them. This proposal is a dramatic, extensive attack on the entire Australian economy. It puts our whole economy at risk. (Time expired)

See this speech in context