cods wrote on Jun 10^th, 2012 at 10:00am:




So the Euro protecting Spain before Greece votes is your best you can do to promote Abbott's Regressive and Costly Agenda.

You are a lightweight cods.

Armchair_Politician wrote on Jun 10^th, 2012 at 7:15am:


So when that higher cost of living has come into effect AND Abbott repeals the carbon tax -

how will he reduce the cost of living?

It's a simple question. It deserves an answer.

Gist wrote on Jun 10^th, 2012 at 9:50am:


Lets say the cost of living pre-carbon tax is $100 per week, just for a nice round number. Lets also say that the cost of living post-carbon tax will be $150 per week. Make no mistake, prices will increase under the carbon tax - that's the entire point of it, to make things such as fuel and electricity more expensive in the hope we use them less. Now, when Abbott passes legislation to repeal the carbon tax and it has been abolished, the cost of living will go back to $100 per week. It's really that simple!

Dnarever wrote on Jun 10^th, 2012 at 12:53pm:


I didn't say it would happen exactly like that. If the CPI goes up the usual amount, it may be that the cost of living goes from $100 to $150 and then back down to $110 after the carbon tax is abolished.

Carbon tax repeal not so easy

Minister for Mental Health and Ageing, Mark Butler, has pointed out, promises to repeal complicated laws are difficult to pull off.

''Well, we tried rollback on the GST; it didn't work. This is the mother of all rollback campaigns,'' Butler told Q&A on ABC television this week.

Deutsche Bank has looked into the Coalition's promise to repeal the carbon tax and said it might not happen until April 2014 - nearly two years after the legislation takes effect in July this year.

''Each step in the constitutional process takes time, and in practice, it could take eight to 14 months for the repeal bills to pass, with risks of further delay at each stage of that process,'' research analyst Tim Jordan wrote in a report released yesterday.

''On that timetable, the earliest a repeal bill could pass after an August 2013 election would be April 2014, 22 months after the carbon price comes into force.''

Assuming the Coalition wins the next election but is not granted control of the upper house, Labor and the Greens are unlikely to repeal the price on carbon, leaving Abbott with the option of calling a ''double dissolution'' - or fresh election on all seats of Parliament. If the double-dissolution election failed to give the Coalition control of both houses of Parliament, it could call a ''joint sitting'' to pass the contested legislation, provided it had a majority of seats in the two houses combined.

But whether this is the ideal outcome is another issue. Mr Jordan said abandoning a market mechanism for reducing emissions would ''only provide a temporary reprieve for major emitters''.

''The carbon price is likely to have a modest impact on most listed emitters: most high-carbon firms in trade-exposed sectors will receive free units (and in the case of steel makers, cash grants) to offset the impact; resources companies face a small impact relative to earnings; airlines will pass on the cost in ticket prices; and utilities are likely to recover most of their additional costs through higher electricity prices,'' he wrote.

Labor and the Coalition have a bipartisan commitment to cut emissions by 5 per cent below 2000 levels by 2020.

Mr Jordan told BusinessDay that this commitment would still stand if the carbon tax was repealed and would probably be met through state-based or ad hoc programs.

http://www.businessday.com.au/business/carbon-tax-repeal-not-so-easy-20120508-1y...

____ wrote on Jun 10^th, 2012 at 6:29am:


they tried rollback on the GST??? when? they were in opposition for nearly 8 years after its introduction and it is obvious to most that OPPOSITIONS dont rollback policies like the GST.  And after all, the real problem was that after a couple years even the ALP realised the GST was GOOD policy that they could ill-afford to repeal.