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House prices skyrocket since Cabinet rejected capital gains tax reforms

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Turnbull needs to stop throwing petrol on the housing fire

Greens Treasury spokesperson, Senator Peter Whish-Wilson, is today calling on the Government to end its reckless support for negative gearing and capital gains tax discounts that are fuelling a housing crisis.

Senator Whish-Wilson said, “It doesn’t seem to matter which expert comes out against negative gearing or what happens to house prices, the Government remains in denial about its role in the housing crisis.

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Government cons crossbench into multi-billion dollar corporate tax cut

In exchange for a hand-written list of reviews, inquiries and vague commitments, the Government has conned the Xenophon party into supporting a $15 billion hit on an already stressed Commonwealth budget.

“Today is a win for the Government’s corporate donors, and a punch in the guts for everyone else,” Australian Greens Acting Leader Senator Scott Ludlam said in the wake of the marathon Senate sitting.

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Housing boom driving Australian inequality

The Australian Greens have commented on an OECD report warning of a ‘rout’ in Australian house prices.
 
Greens Treasury spokesperson, Senator Peter Whish-Wilson, said that the OECD report confirms that “the big-four banks are creaming it.”
 
“CBA, NAB, ANZ and Westpac are all profiting off a housing boom that threatens to undermine the entire economy. And they’re doing it all with the benefit of government guarantees that they don’t have to pay for. This is a scandal.
 
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Tax cut Senate push shows Turnbull is out of touch with Australian society

The Greens Treasury spokesperson has criticised Malcolm Turnbull for continuing to push for tax cuts that would drive the budget further into structural deficit, and lead to more cuts to services and support for the less well off.

Senator Whish-Wilson said, “When all you have is a hammer, then everything starts to look like a nail, and that is exactly how the Turnbull Government sees economic policy.

“No matter what problems arise in the economy, the only response the Turnbull Government has is a corporate tax cut.

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Greens respond to poor Mid-Year Economic and Fiscal Outlook report card

The Mid-Year Economic and Fiscal Outlook released today highlights the Turnbull Government’s dead-end plan to balance the budget on the backs of the most vulnerable Australians, Leader of the Australian Greens Dr Richard Di Natale said.

​“There is one message in this MYEFO for everyday Australians: unless you’re a big corporation or Liberal Party donor, you don’t matter.”

“Malcolm Turnbull’s plan to hand out tax cuts to the wealthiest Australians while wage growth remains stagnant is a slap in the face to ordinary Australians doing it tough.” 

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