Read the last line. That is the Libs real agenda.
$13.4 billion in savings but the cost born by the nations poorest.
Families lose up to $3500 a year in end of mine, carbon taxes July 5, 2014
Mark Kenny
Chief political correspondent
EXCLUSIVE
Projected annual savings in electricity costs of $550 per household from scrapping the carbon tax may be dwarfed by
the withdrawal of up to $3500 per household in other government payments linked to it and the mining tax, according to new research.
The Australian Institute modelling, based on a low-income family with two working adults and three school-age children, has concluded the withdrawal of several payments and offsets associated with the clean energy package and others notionally funded by the Minerals Resource Rent Tax will take away more money than will be saved after the carbon tax is repealed.
The government has convened a two-week session of the Senate from Monday with the prime purpose of repealing Labor's two most unpopular and politically costly taxes, the carbon and mining taxes.
Both repeals were clear Coalition promises before the election but have been blocked in the Labor-Greens dominated Senate.
But with the new Senate, the government believes it has the numbers to dump both taxes and a raft of measures associated with them.
The original version of the mining tax was projected at one point to have been capable of raising up to $12 billion before a series of changes negotiated under extreme political duress resulted in a truncated version, which has raised almost nothing.
So poorly has the tax performed in revenue terms that the Coalition has claimed its repeal, along with the spending programs supposedly funded by it, such as the School Kids Bonus, would actually save the country $13.4 billion.Read more:
http://www.smh.com.au/national/families-lose-up-to-3500-a-year-in-end-of-mine-carbon-taxes-20140704-3bdvu.html#ixzz36WuWPHQQ