The Australian Greens have welcomed the Reserve Bank of Australia's call for a review of negative gearing and capital gains tax, with Senator Scott Ludlam today saying Joe Hockey should have a serious conversation about ending unnecessary and unfair tax breaks.
"The RBA's announcement sends a clear signal to Joe Hockey and Tony Abbott to get out of the way of a real discussion about structural unfairness in the tax system," Senator Ludlam, Australian Greens acting leader said.
"The government is blatantly failing to address housing affordability and are unable to have a sensible tax conversation without immediately disqualifying issues like negative gearing on the basis of political cowardice.
"The Greens have a clear proposal to end negative gearing for new investments and make considered investments to improve housing affordability and cut the social housing waiting list.
"The Greens, the community sector, economists and the RBA are backing a proper discussion about negative gearing and capital gains tax, Mr Hockey needs the courage to come to the table," Senator Ludlam concluded.