Senate set to vote on mining tax bills
March 18, 2012

AAP

The federal government is confident its $11 billion mining tax will be passed by the Senate this week.   :)

Federal parliament resumes on Monday for its final setting week ahead of the 2012/13 budget being handed down on May 8.

The Labor government is expected to see an early victory, when debate on its mining bills concludes and Senators gather to vote on the legislation on Monday.


Treasurer Wayne Swan said on Sunday the 30 per cent tax on coal and iron ore profits will help spread the benefits of the mining boom across the economy, deliver tax breaks and tax cuts for business and increase the nation's superannuation savings.   :)

"This critical economic reform will help our nation lock on the benefits of the mining boom," he said in his weekly economic note.

Mr Swan, together with financial services and superannuation minister Bill Shorten, on Sunday launched a new government website that allows Australians to see how their super will increase once minerals resource rent tax (MRRT) comes into force.

Under the plan, the superannuation guarantee will from July 1 next year rise in increments to 12 per cent over the next eight years to 2019/20, from a current nine per cent.   :)

Mr Swan said the change will increase the nation's savings pool by $500 billion by 2035.

"A large proportion of this will get channelled back into our economy through investments," he said.

During debate in the Senate last week, Liberal MPs, particularly those from the mining boom state of Western Australia argued fiercely against the tax, which Opposition Leader Tony Abbott plans to ditch if the coalition wins government.   :(

WA Liberal senator Michaelia Cash said the MRRT would risk prosperity.

"This tax is economic vandalism and it is economic lunacy," she said. 

Mr Swan on Sunday denied the tax would put a brake on mining activity.

"Mining companies are continuing to ramp up production in the full knowledge that the MRRT will apply," he said.

The MRRT bills are expected to pass with the support of the Greens, allowing the tax to come into force on July 1 this year.   :)

While the Senate will be tied up with the mining tax when parliament resumes on Monday, the lower house will deal with road safety legislation to stop dangerous work practices in the trucking industry and corporate law amendments dealing with financial advice.

Ms Gillard is also expected to lead a condolence motion for Margaret Whitlam - wife of former Labor prime minister Gough Whitlam - who died in Sydney on Saturday, aged 92.

© 2012 AAP

Politicians believe that when they tax something like smokes, gambling & carbon dioxide there will be less smoking, gambling and carbon dioxide?

Then they say they want to create jobs.

Mining creates jobs.

Yet Lefty politicians tax mining?  Taxing mining will mean less mining and therefore less jobs?

Another lie. :(

Swagman wrote on Mar 19^th, 2012 at 7:49am:

Politicians believe that when they tax something like smokes, gambling & carbon dioxide there will be less smoking, gambling and carbon dioxide? Then they say they want to create jobs. Mining creates jobs. Yet Lefty politicians tax mining?  Taxing mining will mean less mining and therefore less jobs? Another lie. :(

Less mining while there is high demand means prices and profits go up and our resources last longer.
By the way..with the impending mining super tax on the way there is still heaps of exploration and mining going on and the forecast is for more jobs in the industry so your argument is totally wrong.
It turns out the death of the mining industry because of a tax on super profits is another Abbott lie

adelcrow wrote on Mar 19^th, 2012 at 7:59am:

Swagman wrote on Mar 19th, 2012 at 7:49am: Politicians believe that when they tax something like smokes, gambling & carbon dioxide there will be less smoking, gambling and carbon dioxide? Then they say they want to create jobs. Mining creates jobs. Yet Lefty politicians tax mining?  Taxing mining will mean less mining and therefore less jobs? Another lie. :( Less mining while there is high demand means prices and profits go up and our resources last longer. By the way..with the impending mining super tax on the way there is still heaps of exploration and mining going on and the forecast is for more jobs in the industry so your argument is totally wrong. It turns out the death of the mining industry because of a tax on super profits is another Abbott lie

If my argument is totally wrong...then the carbon tax is totally wrong comrade lefty.... :o

Swagman wrote on Mar 19^th, 2012 at 7:49am:

Politicians believe that when they tax something like smokes, gambling & carbon dioxide there will be less smoking, gambling and carbon dioxide? Then they say they want to create jobs. Mining creates jobs. Yet Lefty politicians tax mining?  Taxing mining will mean less mining and therefore less jobs? Another lie. :(

Um, how many Australians are employed in the sector?

Mining was growing at how much compared to the rest of the Australian economy??
  :o :o  :-*

Swagman wrote on Mar 19^th, 2012 at 8:02am:

adelcrow wrote on Mar 19th, 2012 at 7:59am: Swagman wrote on Mar 19th, 2012 at 7:49am: Politicians believe that when they tax something like smokes, gambling & carbon dioxide there will be less smoking, gambling and carbon dioxide? Then they say they want to create jobs. Mining creates jobs. Yet Lefty politicians tax mining?  Taxing mining will mean less mining and therefore less jobs? Another lie. :( Less mining while there is high demand means prices and profits go up and our resources last longer. By the way..with the impending mining super tax on the way there is still heaps of exploration and mining going on and the forecast is for more jobs in the industry so your argument is totally wrong. It turns out the death of the mining industry because of a tax on super profits is another Abbott lie If my argument is totally wrong...then the carbon tax is totally wrong comrade lefty.... :o

Swagman can't define what 'an economy' is, any money!

LET'S GET IT ON!!  :D :D :D

BatteriesNotIncluded wrote on Mar 19^th, 2012 at 5:45pm:

Swagman wrote on Mar 19th, 2012 at 8:02am: adelcrow wrote on Mar 19th, 2012 at 7:59am: Swagman wrote on Mar 19th, 2012 at 7:49am: Politicians believe that when they tax something like smokes, gambling & carbon dioxide there will be less smoking, gambling and carbon dioxide? Then they say they want to create jobs. Mining creates jobs. Yet Lefty politicians tax mining?  Taxing mining will mean less mining and therefore less jobs? Another lie. :( Less mining while there is high demand means prices and profits go up and our resources last longer. By the way..with the impending mining super tax on the way there is still heaps of exploration and mining going on and the forecast is for more jobs in the industry so your argument is totally wrong. It turns out the death of the mining industry because of a tax on super profits is another Abbott lie If my argument is totally wrong...then the carbon tax is totally wrong comrade lefty.... :o Swagman can't define what 'an economy' is, any money! LET'S GET IT ON!!  :D :D :D

More Free Gravy welfare For The Middle Class Nothing For The Working Class or Pensioners... :D :D :D :D More Free Gravy welfare For The Middle Class Nothing For The Working Class or Pensioners... :D :D :D :D More Free Gravy welfare For The Middle Class Nothing For The Working Class or Pensioners... :D :D :D :D More Free Gravy welfare For The Middle Class Nothing For The Working Class or Pensioners... :D :D :D :D More Free Gravy welfare For The Middle Class Nothing For The Working Class or Pensioners... :D :D :D :D More Free Gravy welfare For The Middle Class Nothing For The Working Class or Pensioners... :D :D :D :D More Free Gravy welfare For The Middle Class Nothing For The Working Class or Pensioners... :D :D :D :D More Free Gravy welfare For The Middle Class Nothing For The Working Class or Pensioners... :D :D :D :D Middle Class Nothing For The Working Class or Pensioners... :D :D :D :D More Free Gravy welfare For The Middle Class Nothing For The Working Class or Pensioners... :D :D :D :D More Free Gravy welfare For The Middle Class Nothing For The Working Class or Pensioners... :D :D :D :D More Free Gravy welfare For The Middle Class Nothing For The Working Class or Pensioners... :D :D :D :D More Free Gravy welfare For The Middle Class Nothing For The Working Class or Pensioners... :D :D :D :D More Free Gravy welfare For The Middle Class Nothing For The Working Class or Pensioners... :D :D :D :D More Free Gravy welfare For The Middle Class Nothing For The Working Class or Pensioners... :D :D :D :D

What really frightens these bludgers is that in a Free Enterprise economy, they cannot control the outcome by Government through corrupt micro management - they have to work for it - they may likely lose because they do not like to work.  They like to control how wealth is distributed to them through executive Government. 8-) 8-) 8-)

Good, the great mineral heist will soon be less of an issue then it was, but not much.

GoddyofOz wrote on Mar 19^th, 2012 at 6:22pm:

Good, the great mineral heist will soon be less of an issue then it was, but not much.

Oh, we're still selling the farm!

WE'RE A DUMB AS F&*('%-^%^ COUNTRY!

Swagman wrote on Mar 19^th, 2012 at 7:49am:

Politicians believe that when they tax something like smokes, gambling & carbon dioxide there will be less smoking, gambling and carbon dioxide? Then they say they want to create jobs. Mining creates jobs. Yet Lefty politicians tax mining?  Taxing mining will mean less mining and therefore less jobs? Another lie. :(

What a disjointed load of Cr@p. Mining is creating much less wealth for the community than at any other time in history. It is so bad that now government will get into them for their wealth and the community will still miss out. We need to refocus, it is about building a country not building a surplus.

nairbe wrote on Mar 19^th, 2012 at 6:47pm:

Swagman wrote on Mar 19th, 2012 at 7:49am: Politicians believe that when they tax something like smokes, gambling & carbon dioxide there will be less smoking, gambling and carbon dioxide? Then they say they want to create jobs. Mining creates jobs. Yet Lefty politicians tax mining?  Taxing mining will mean less mining and therefore less jobs? Another lie. :( What a disjointed load of Cr@p. Mining is creating much less wealth for the community than at any other time in history. It is so bad that now government will get into them for their wealth and the community will still miss out. We need to refocus, it is about building a country not building a surplus.

True, surplus means you're contracting/taking heat out of the economy BUT THAT IS WITH ALL OTHER THINGS BEING EQUAL!

The mining sector is growing at multiples of the rest of the economy....

THE ELECTORATE IS BOMBARDED WITH SIMPLISTIC RATIONALES MAKING SURPLUSES SEEM LIKE THE GOAL AT ALL TIMES!

It is natural that a war mongering populace allows itself to think like this however....

THIS IS EXACTLY WHY AMERICA IS DEAD!!

  :D  :'( :'( :'( :'( :'(