Prime Minister Malcolm Turnbull has declined to put a figure on his 10-year company tax cut plan.
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Prime Minister Malcolm Turnbull said Wednesday that he would go to the governor general before the constitutional deadline of Wednesday next week to call a July 2 election.
“But Miss Daisy Turnbull Brown is able to buy a subpenthouse, with knockout views of the harbour and city skyline, in 2008 – she was then aged 23 – for the pricey sum of $2.7 million”, he said.
His comments on radio yesterday have been likened to former Treasurer Joe Hockey’s suggestion people trying to by their first home should “get a good job that pays good money”.
However, Mr Shorten countered that with a question on how the government justified giving people who earn $1 million a tax cut of nearly $17,000 a year, by dropping the temporary 2 per cent budget fix levy from mid-2017.
‘It’s [negative gearing] created conflict with effectively the kids of your and my generation who can’t get into the market and they’re saying: “For goodness sake, you baby boomers, you just want everything and you’re locking us out”,’ Faine said.
“Are your kids locked out of the housing market?”
‘Well you should shell out for them.
When Faine said they were, the Liberal leader said: “Well you should shell out for them – you should support them, a wealthy man like you“.
The comment seemed to be intended in jest, with Mr Faine responding with laughter.
In Question Time, Opposition Leader Bill Shorten targeted the Prime Minister’s joking, reminding voters of Mr Turnbull’s meeting with a family who had bought a property for their one-year-old child while benefiting from negative gearing laws.
“Is that really the Prime Minister’s advice for young Australians struggling to buy their first home?”
Asked whether a $55 billion estimate by one economist was accurate, Mr Turnbull said: “He may well be right”.
A day after the first Turnbull government budget was delivered, the prime minister expressed surprise Labor did not open question time with an attack on the budget.
“People around the country just can’t do this – get in touch with the real-life people in this country”.
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Turnbull said the move made sense given that inflation was below the central bank’s target band.
