Michael Sukkar MP

LABOR’S ATTACKS ON HOUSING “AREN’T DEAD YET”

THE HON MICHAEL SUKKAR MP
Assistant Treasurer
Minister for Housing
Minister for Homelessness, Social and Community Housing

MEDIA RELEASE

1 March 2021

LABOR’S ATTACKS ON HOUSING “AREN’T DEAD YET”

Anthony Albanese has been caught red-handed trying to cover up Labor’s agenda to tax Australian homes that will increase costs for homeowners, renters and mum and dad investors.

Given the resounding rejection of Labor’s housing tax policies at the 2016 and 2019 elections, it is no wonder he has been desperate to cover up his real housing tax agenda from Labor’s draft platform.

As reported in The Australian Financial Review today;

“Federal Labor has not closed the door to taking changes to negative gearing and capital gains tax exemptions to the next election, despite removing from its platform the policies it took to the last election.”

Taxing Australian homeowners is in Labor’s DNA. Labor’s Treasury spokesperson has previously refused to rule out changes to negative gearing or capital gains tax and Labor’s housing spokesperson has publicly said their tax policies would remain.

Now Anthony Albanese is trying on another each way bet in an attempt to fool Australians into believing it will not happen.

As one Labor MP leaked to the media over the weekend, “there is nothing more draft than a Labor draft platform”.

It’s time for honesty from Anthony Albanese – is taxing homeowners, renters and mum and dad investors part of Labor’s final policy platform?

Now is not the time for an each way bet, at a time when Australians need certainty and economic growth Labor must make it clear whose side it is on.