Josh Frydenberg has picked up right where Scott Morrison left on Labors negative gearing reforms lying.

The new Treasurer was flat out misleading viewers this morning and appeared completely unaware that the Master Builders Association hadnt modelled Labors policy and accounted for grandfathering.

This morning on Sky News, Mr Frydenberg argued that those currently negative gearing properties would no longer have access to it under Labors housing affordability reforms.

LAURA JAYES: But Treasurer, it is not correct to say that Labor is ending negative gearing, is it?

JOSH FRYDENBERG: Well, what they are doing is for the 1.3 million people who currently have negative gearing and all those who are looking to it into the future, will not have the same benefits that they have today, that is the fact.

This is just a lie.

Not much better was Scott Morrisons channelling of Peter Dutton, claiming this morning that Labors policies would put our AAA credit rating at risk.

All existing residential property investments are fully grandfathered, meaning those property investors will still be able to access negative gearing.

Meanwhile, the Chair of the Dodgiest Inquiry into Opposition Tax policy, Tim Wilson,

TOM CONNELL: So are you saying that Labors policy you think would push up house prices?

TIM WILSON: Well it reduces the volume of housing supply and it will also fragment the market. This is the thing a very complex area but if you actually have some housing attracting some cash benefits, others not then you will get a fragmentation. Some will go up some go down

Its back to the future with Malcolm Turnbull arguing our policy would push prices down and Kelly ODwyer arguing our policy would push prices up, all on the same day. This time though, Mr Wilson was making both arguments in the same sentence!

Given the Liberal Party sat on Treasury advice when Scott Morrison was Treasurer that showed only a modest impact on house prices resulting from Labors reforms, its now time for both the Prime Minister and Treasurer to stop the lies and drop the desperate scare campaign.