Prime Minister Malcolm Turnbull has sought advice from John Howard as he tries to craft his long-awaited tax reform package.

The former prime minister has weighed into the debate on tax reform, warning the Coalition to be careful about making any changes to negative gearing.

The Government has savaged Labor's plans to restrict negative gearing to new properties, but it is still contemplating its own changes to curb the way people use the tax break.

Those changes could include limiting the number of properties which are permitted to be negatively geared, or capping the amount which could be deducted through negative gearing.

Mr Howard told Sky News negative gearing had been around "forever" and the Coalition should be careful about making any changes.

"There are a lot of modest-income people who accumulate some money and then negatively gear a property, particularly [those] who don't want to invest in the share market," Mr Howard said.





http://www.abc.net.au/news/2016-02-28/malcolm-turnbull-asks-john-howards-advice-on-tax-policy/7205990

Quote:

turnbull seeks how to increase structural deficit

....that'd be in the fiction section at the library Mal  ;D :D

http://i17.photobucket.com/albums/b76/timbo2530/structural%20claytons.jpg

Swagman wrote on Feb 28^th, 2016 at 7:28pm:

Quote: turnbull seeks how to increase structural deficit ....that'd be in the fiction section at the library Mal  ;D :D http://i17.photobucket.com/albums/b76/timbo2530/structural%20claytons.jpg

Libs in the drivers seat
https://www.youtube.com/watch?v=LUYbu5DJA1U

Round and round we go, going  nowhere fast.

Swagman wrote on Feb 28^th, 2016 at 7:28pm:

Quote: turnbull seeks how to increase structural deficit ....that'd be in the fiction section at the library Mal  ;D :D http://i17.photobucket.com/albums/b76/timbo2530/structural%20claytons.jpg

That makes no sense whatsoever , you do have a budget deficit remember , the Libs have doubled it , in 6 months , we no GFC. Apparently the budget emergency has passed though, it had to be doubled for it disappear , Lib Logic  :D :D :D :D

Its time wrote on Feb 28^th, 2016 at 7:45pm:

That makes no sense whatsoever

....yes that's the book on the structural deficit  :D

Swagman wrote on Feb 28^th, 2016 at 7:56pm:

Its time wrote on Feb 28th, 2016 at 7:45pm: That makes no sense whatsoever ....yes that's the book on the structural deficit  :D

The budget deficit you have when you have no budget deficit , these are your words Swag , didnt think that little picture out very well did you  ;)

Lib logic?  Don't you really mean Lib illlogic?

Its time wrote on Feb 28^th, 2016 at 8:02pm:

Swagman wrote on Feb 28th, 2016 at 7:56pm: Its time wrote on Feb 28th, 2016 at 7:45pm: That makes no sense whatsoever ....yes that's the book on the structural deficit  :D The budget deficit you have when you have no budget deficit , these are your words Swag , didnt think that little picture out very well did you  ;)

.......the thread is about the "structural deficit" SOW.

.....ask your comrade John Smith to explain it to you  :D

Swagman wrote on Feb 28^th, 2016 at 7:28pm:

Quote: turnbull seeks how to increase structural deficit ....that'd be in the fiction section at the library Mal  ;D :D http://i17.photobucket.com/albums/b76/timbo2530/structural%20claytons.jpg

Morrison is defending his NG bullshite now!

Its time wrote on Feb 28^th, 2016 at 7:41pm:

Swagman wrote on Feb 28th, 2016 at 7:28pm: Quote: turnbull seeks how to increase structural deficit ....that'd be in the fiction section at the library Mal  ;D :D http://i17.photobucket.com/albums/b76/timbo2530/structural%20claytons.jpg Libs in the drivers seat https://www.youtube.com/watch?v=LUYbu5DJA1U Round and round we go, going  nowhere fast.

The leader of the house has just been told not to interject: lol, that never happened under B Bishop  :)