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."
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.