Every day it is becoming clearer just how much of a mess Labor is in.
Five days before the last election Julia Gillard promised: “There will be no carbon tax under the government I lead.” Now, with Ms Gillard caving in to the Greens and breaking her promise, Australians face a new tax and extra pressure on family budgets.
At a time when Australians are already doing it tough, Labor’s carbon tax will unnecessarily lift electricity, grocery and petrol prices and attack jobs in our key industries.
In a major address delivered in Adelaide last night, Tony Abbott warned of the cost of Labor’s carbon tax.
He said:
“Even at $26 a tonne, a carbon tax would add an average of $300 a year to electricity bills (and $500 in NSW). It would add 6.5 cents to the cost of a litre of petrol. At this rate, a carbon tax would raise about $10 billion a year without materially reducing emissions because consumers have previously absorbed price rises of this magnitude.“A carbon tax of about $25 a tonne would close 16 coal mines and cost 10,000 jobs in coal mining (according to Access Economics). It would cost 24,000 jobs in mining generally (according to ACIL). It would cost 45,000 jobs in emissions-intensive industries (according to Frontier Economics). It’s “economic vandalism” according to the head of Bluescope Steel that will drive manufacturing jobs offshore.
“A carbon tax would add 25 per cent to the price of electricity and up to five per cent to the cost of groceries because power and transport costs are embedded in the price.”
For Labor and the Greens the only answer is tax, tax, tax.
The Coalition knows there is a better way. Our direct action plan on climate change is economically responsible and won’t cost Australian jobs.
- Click here to read Tony Abbott’s speech
- Click here to watch Julia Gillard’s pre-election “no carbon tax” promise
- Let your friends know the cost of Labor's carbon tax
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