When the captain makes a call, the budget goes into the red

Tuesday, 22 March 2011

No need for tax cuts once we axe carbon price: Hockey

THE Coalition has confirmed it will 'unwind' personal tax cuts if they were part of a package to compensate households for the carbon tax.

Asked about the government's option of using income tax cuts to shield low- and middle-income earners from a carbon price, the shadow treasurer, Joe Hockey, said: "We will repeal the carbon tax … so we will unwind the compensation because you don't need it if you don't have the carbon tax."

Wednesday, 6 March 2013

Hockey, Abbott 'on same page' on carbon tax compo

Shadow Treasurer Joe Hockey has rejected suggestions he is at odds with his leader over whether the Coalition would keep any of the carbon tax compensation.

"There is no split because we're exactly on the same page," Mr Hockey told reporters in Sydney.

"Families will be better off under the Coalition, no doubt about it. And if you don't have a carbon tax, you don't have to have compensation."

Thursday, 16 May 2013

The carbon tax will go, tax cuts and pension benefits will stay, Abbott says

The Coalition will abolish the carbon tax and provide immediate and substantial relief to electricity and gas prices.

Families and pensioners will also benefit by fully retaining the income tax cuts and fortnightly pension and benefit increases associated with the carbon tax. This will allow households to plan their futures with confidence.

Finance Minister Penny Wong: Cost of retaining benefits of the carbon tax as high as $5 billion a year. http://t.co/7CN0myJrEH #Budget #Hole
— Askgerbil Now (@Askgerbil) April 23, 2015