Labor's tax policy a 'Gumby': Morrison

Treasurer Scott Morrison has released questions for Labor about its plan to limit negative gearing. (AAP)

Treasurer Scott Morrison has likened Labor's tax policy to the green plasticine character Gumby as he demands the opposition answer a list of questions.

First unicorns. Now Labor's tax policy is being compared to the famous green plasticine character Gumby.

Treasurer Scott Morrison says Labor's proposed changes to tax breaks for property investors have the same level of intellectual rigour as Gumby.

"It's a Gumby of an idea," he told 2GB radio on Monday.

It follows his declaration that Labor was selling "a unicorn" by promising to eventually raise $7 billion a year by scrapping negative gearing on established homes and halving capital gains tax discounts.

Mr Morrison's latest description accompanies a list of 28 questions he wants answered by the opposition.

They include whether the policy to limit negative gearing to new properties will see a reduction in house prices.

"Labor should come clean with the Australian people and answer for the ramifications of their proposals," Mr Morrison said on Monday.

Opposition frontbencher Michelle Rowland hit back, saying Mr Morrison can't even answer questions about what he believes are "excesses" in negative gearing - or even the date of the budget.

"This guy's got more front than Myer," she told Sky News.

Ms Rowland said the treasurer should tell Australians what his tax plan is before he starts questioning the opposition.

Shadow treasurer Chris Bowen responded to Mr Morrison - who he dubbed "SloMo" - with three questions of his own.

What is the date of the budget? What is the government's tax policy? What will he do with negative gearing "excesses"?

"These are basic, threshold questions for a treasurer and a government, 2.5 years into a term, two months before the scheduled budget, and in the shadow of an election," Mr Bowen said.

He later said the treasurer had been reduced to a "pathetic laughing stock" and urged Mr Morrison to get on with crafting the government's policies.

"His pathetic press releases should be treated with the contempt they deserve," he told reporters in Queanbeyan on Monday.

"If he spent more time working on his own policies and doing his day job instead of engaging in silly press releases, Australia might be better off."

Source: AAP

Stay up to date with SBS NEWS

  • App
  • Subscribe
  • Follow
  • Listen
  • Watch