House debates

Wednesday, 20 March 2024

Questions without Notice

Taxation

3:06 pm

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

And we get more abuse across the chamber, Mr Speaker. He's always so angry.

I am asked about tax and ruling things out. Well, here's the member for Menzies for you: 'Could tweaks to negative gearing perhaps help younger generations?' Member for Menzies, I'm not going to do the rule in, rule out of particular policies here. I think the problem with rule in, rule out, whether it's in question time or in the media, is that we get focused on the 24-hour news cycle and not the problems that people sent us here to solve. That's what they continue to say.

When we talk about tax changes, I'm interested in what their view of negative gearing is. The member for Canning has had something to say as well. He said, 'If the problem includes negative gearing then we should make changes.' The new Senator Kovacic—probably not backed by the Leader of the Opposition, given his track record on preselection—said:

We should not be afraid to consider tax changes, whether they be capping the number of properties that can be negatively geared …

Honourable members interjecting

Then their leader in the Senate, Senator Birmingham, said this: 'There are, no doubt, ways of looking at the tax and transfer system.' That's what they've had to say. One by one, they're out there talking about all these issues. One of the favourites, Senator Rennick, said, 'It's nuts that we don't'— (Time expired)

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