According to economist Ken Henry, deductions in the rental property sector now exceed income, making it not a net taxpayer. And in any case, a tax should be based on equity and unless you’re talking through your pocket, everyone knows that negative gearing is a rort, one that seriously and unfairly impacts young people.
How can the Coalition present itself as the newly minted champion of the working battler while opposing changes which would put more in the pockets of struggling families?