Senator LUDLAM (Western Australia—Co-Deputy Leader of the Australian Greens) (14:18): Mr President, I ask a supplementary question. According to Moody's ratings agency and respected economists such as Saul Eslake, estimates are in the public domain that negative gearing adds nine per cent or around $44,000 to the price of a home. Could you explain, as finance minister, how it is economically or socially defensible to leave negative gearing and capital gains tax exemptions in place when it is so well understood that these huge taxpayer funded incentives for property speculation are artificially inflating home prices?
In this debate Shorten, Bill, MP Turnbull, Malcolm, MP McNamara, Karen, MP Turnbull, Malcolm, MP Shorten, Bill, MP Turnbull, Malcolm, MP Coleman, David, MP Turnbull, Malcolm, MP Shorten, Bill, MP Turnbull, Malcolm, MP Wilkie, Andrew, MP Pyne, Christopher, MP Nikolic, Andrew, MP Morrison, Scott, MP Bowen, Chris, MP Morrison, Scott, MP Hutchinson, Eric, MP Joyce, Barnaby, MP Bowen, Chris, MP Turnbull, Malcolm, MP Price, Melissa, MP Bishop, Julie, MP Bowen, Chris, MP Turnbull, Malcolm, MP Simpkins, Luke, MP Turnbull, Malcolm, MP Bowen, Chris, MP Turnbull, Malcolm, MP Ramsey, Rowan, MP Pyne, Christopher, MP Shorten, Bill, MP Turnbull, Malcolm, MP Urquhart, Sen Anne Brandis, Sen George Urquhart, Sen Anne Brandis, Sen George Urquhart, Sen Anne Brandis, Sen George Back, Sen Chris Payne, Sen Marise Back, Sen Chris Payne, Sen Marise Back, Sen Chris Payne, Sen Marise Gallacher, Sen Alex Cormann, Sen Mathias Gallacher, Sen Alex Cormann, Sen Mathias Gallacher, Sen Alex Cormann, Sen Mathias Ludlam, Sen Scott Cormann, Sen Mathias Cormann, Sen Mathias Ludlam, Sen Scott Cormann, Sen Mathias Johnston, Sen David Cash, Sen Michaelia Johnston, Sen David Cash, Sen Michaelia Johnston, Sen David Cash, Sen Michaelia Sterle, Sen Glenn Cash, Sen Michaelia Sterle, Sen Glenn Cash, Sen Michaelia Sterle, Sen Glenn Cash, Sen Michaelia O'Sullivan, Sen Barry Nash, Sen Fiona O'Sullivan, Sen Barry Nash, Sen Fiona O'Sullivan, Sen Barry Nash, Sen Fiona Muir, Sen Ricky Cormann, Sen Mathias Muir, Sen Ricky Cormann, Sen Mathias Muir, Sen Ricky Cormann, Sen Mathias Conroy, Sen Stephen Payne, Sen Marise Conroy, Sen Stephen Payne, Sen Marise Conroy, Sen Stephen Payne, Sen Marise Bernardi, Sen Cory Birmingham, Sen Simon Bernardi, Sen Cory Birmingham, Sen Simon Bernardi, Sen Cory Birmingham, Sen Simon Carr, Sen Kim Ryan, Sen Scott Carr, Sen Kim Ryan, Sen Scott Carr, Sen Kim Ryan, Sen Scott Smith, Sen Dean Scullion, Sen Nigel Smith, Sen Dean Scullion, Sen Nigel Smith, Sen Dean Scullion, Sen Nigel