Here is a little more on Angus Taylor explaining the fuel cut excise.
On the face of it, I would say these figures need a bit closer examination:
Sabra Lane: How much does this equate to a week? Tax cuts that the government’s just legislated $5 a week, roughly. Yours?
Angus Taylor: Well, typically, over the course of a year, it’ll be, if it’s a tank, a family, it’d be $750. If it’s two tanks, it’s $1,500. So that’s a family.
Lane: So that’s roughly …
Taylor: So that’s a family …
Lane: $14 a week or something?
Taylor:
Yeah, something like that. $14 a week. $28 a week for a week for a two-tank family and I mean, that’s a significant help at a time which is really troubling for those sorts of families and I say, this is the group who are also suffering the greatest mortgage stress, who have the least capacity to deal with the pressures that they’re under, and any shock they might have on those pressures, whether there’s a big health bill or something else like that coming along.
This is a policy aimed at the Coalition’s ute’s drivers – the same ones they defended against the EV subsidy. Hybrids are becoming increasingly popular, which this policy doesn’t seem to take into account (deliberately so, one would imagine)
So the sell the Coalition is offering is that it will lower the price of fuel (assuming there are no global supply chain shocks that negate the temporary cut – as happened with the previous fuel excise cut the Coalition temporarily introduced) for one year, in place of ongoing tax cuts. The party of lower taxes wants to repeal tax cuts to own Labor.
That’s where we are.
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