George Brandis (Queensland, Liberal Party, Attorney-General) Share this | Hansard source

I am sure the answer to that question is no, given that there is no such plan. One cannot have a conversation about a non-existent proposition. The only tax plan for which the Turnbull government stands is a plan not to increase the overall level of taxation on Australians. By contrast is the tax plan for which you stand: a tax plan which includes, by the way, doubling the capital gains tax on investments; a tax plan which, because of the negative gearing changes you so recklessly propose, would reduce the value of every home in Australia—the principal asset class of all Australians. Reduce the value of their homes while driving up rents—that is your tax plan. We look forward to the argument.