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

I thank the member for the question. He perhaps should have given it to the member for Lilley, because this is what the member for Lilley said about negative gearing. He was asked by Jon Faine—my good friend and our good friend:

Why not adopt the measure to quarantine negative gearing losses offset against income from just that investment?

Treasurer Swan—that's the transcript:

Well, I've never accepted that view, and I think it would be disastrous in the current environment.

Mr Faine said:

Politically disastrous or economically disastrous?

Treasurer Swan said:

No, economically disastrous to do anything on negative gearing and indeed, that's what the—

Henry—

Review says.

The problem with the Labor Party is that they can never hold to one position on the economy at any time.

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