Scott Morrison has continued today with his lies on Labors reforms to negative gearing and capital gains tax discount in contradiction to Treasury advice.

Speaking at the Australian Business Economists Luncheon today, Mr Morrison said Labors policies would: damage the economy, get the axe out and get someone else behind them with a chainsaw, put major tax system shocks into the housing market, and put us in peril.

There is absolutely no well-thought out policy foundation for any of these claims, least of which from the Australian Treasury.

Earlier this year the Australian Information Commissioner forced the release of a Treasury document which exposes and directly refutes Scott Morrisons overblown attack on Labors housing affordability policies as not based on Treasury advice or any other credible policy research.

The Treasury analysis says about the impacts of the policies on residential investment properties that:

In the long term, increases in taxation on rental property could have a relatively modest downward impact on property prices.

Owner occupiers who are unaffected by the changes are likely to limit the extent to which there is an impact on prices.

And while price impacts would be small, as Labor has long argued, there would be a shift in the housing market between property investors and first home buyers/owner occupiers:

Overall, price changes are likely to be small, though the composition of ownership may shift away from domestic investors.

The Treasury analysis was produced in early 2016, just after the release of Labors policy reforms to negative gearing and the capital gains tax discount.

The document also confirms distributional modelling of Labors policies stating that over 50 per cent of the benefits of negative gearing go to the top 20 per cent of incomes, while the top 10 per cent of incomes receiving nearly 75 per cent of the benefit of the capital gains tax discount.

Despite this clear advice about the moderate and positive impacts of Labors housing affordability policies, Scott Morrison and Turnbull Government Ministers decided to go the low road of pursuing a scare campaign built on a house of cards.

Scott Morrison loves to selectively leak Treasury advice when it suits him and yet this critical Treasury advice was withheld for almost two years.