Josh Frydenberg should quit while hes behind on his dishonest and shrill scare campaign on Labors negative gearing reforms after his Treasury department shot the Liberals lies down, yet again.

Documents under the Freedom of Information Act show that on 8 January 2018 last year, the Government asked Treasury to fact check a statement that included a reference that Labors housing affordability reforms will reduce house prices.

In response the Treasury advised:

"The statement is not consistent with our advice. We did not say that the proposed policies 'will' reduce house prices.

"We said that they 'could' put downward pressure on house prices in the short-term depending on what else was going on in the market at the time, but in the long-term they were unlikely to have much impact."

This proves beyond doubt that Scott Morrison and his desperate Liberals have been lying to Australians about Labors policy.

Not content with being humiliated by his own department, the hapless Josh Frydenberg had nothing left but then to revert to type and quote vested property interests to support his opposition to Labors reforms to negative gearing.

At the next election theres a choice: The Liberals plan to stand up for banks and top end of town, or Labors plan to fix our schools and hospitals.

Our plan is good for the budget, good for construction jobs and fair for first home buyers.

If you already use negative gearing, nothing changes. Its not retrospective. And you can still use it for new houses.

Federal Labor is reforming negative gearing to put young first home buyers on more of a level playing field with property investors seeking their 6^th or 7^th property.

WEDNESDAY, 6 MARCH 2019