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Families will be $3'000 better off by scrapping the carbon tax

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Families will be $3,000 better off by scrapping the carbon tax August 06, 2013

Australian families will be $3,000 better off over the next six years as a result of the Coalition’s plan to scrap the carbon tax.

Kevin Rudd’s carbon tax indisputably adds to the cost of living. It is a tax on electricity. As the carbon tax goes up, so will families’ cost of living.

On the Government’s own figures, the carbon tax will increase six-fold between mid-2014 and mid-2019 - reaching $38 a tonne

by 2019 and increasing to $350 a tonne over time.

That means if Labor is re-elected, average families will pay $3,000 in carbon tax over the next six years.

Only the Coalition will scrap the carbon tax - lock, stock and barrel.

The Coalition will also keep the current income tax thresholds and the current pension and benefit fortnightly rates while scrapping the carbon tax.

That means Australian workers, families and pensioners will keep the tax cuts and fortnightly pension and benefit increases

provided in Labor’s carbon tax package, but without the carbon tax.

As a result, these tax cuts and fortnightly benefit increases will become genuine cost of living relief, worth around $4 billion a year, rather than partial compensation for Labor’s damaging carbon tax hit.

This means that - based on the Government’s own figures - under the Coalition:

· average families will be better off by more than $550 a year in 2014-15, rising to around $900 a year in 2019-20; and

· over the next six years, average families will be $3,000 better off under the Coalition than under Kevin Rudd's carbon tax.

Australians will have tax cuts funded by smaller government, not by taking money out of one pocket to put it in the other. And people’s weekly and fortnightly budgets will be under less pressure as electricity prices fall and gas prices fall and the carbon tax

no longer cascades through our economy.

Only the Coalition will reduce your cost of living by abolishing the carbon tax.

The Coalition could not be clearer: the carbon tax will be gone under a Coalition government and it will be our very first order of business.

6 August 2013

Download the Coalition's Policy to Scrap the Carbon Tax and Reduce the Cost of Living

© Tony Abbott MHR 2010 | Authorised by Tony Abbott MHR, Level 2, 17 Sydney Rd, Manly NSW 2095

Tony Abbott Federal Member for Warringah | Leader of the Opposition

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