Treasurer Jim Chalmers says the government is not considering changes to negative gearing as pressure mounts on the government to do more to address housing affordability. He says the only tax reform being considered are changes to the stage 3 cuts, but the shadow treasurer insists it could still be on the agenda.
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TVTranscript
00:00 Lovely to have you in Ballarat.
00:05 Out of Canberra but unable to escape questions on tax.
00:09 What we're doing is putting in place a tax cut for every Australian worker.
00:15 The government continuing to defend its changes to the stage 3 tax cuts as the coalition
00:20 Angus Taylor, welcome to the program.
00:22 shifts gears.
00:23 We won't support changes to negative gearing.
00:25 That's their intent.
00:26 We know they're considering this.
00:28 Their answers in the parliament on this week were very wishy-washy.
00:32 That's not something that we're proposing, not something that we are considering, not
00:36 something that we are working up.
00:39 Negative gearing allows landlords who lose money by paying out more in interest and maintenance
00:44 than they're receiving in rent to offset that loss and reduce the tax they pay.
00:49 Now is the time for reform on negative gearing and the capital gains tax discount because
00:55 we are in a housing crisis.
00:58 It's not just tax but the right to disconnect that will continue to be a talking point in
01:03 parliament this week.
01:05 The opposition says if it wins the next election it will repeal legislation that passed the
01:09 Senate just days ago giving workers the right to ignore calls and emails when they're not
01:15 on the clock without being penalised.
01:17 [BLANK_AUDIO]