fed. govt to scrap mining tax, move to an ETS

[not_an_eloi]

Treasurer Chris Bowen confirms Government will scrap carbon tax for floating price

Updated 1 hour 52 minutes ago 

The Federal Government has confirmed it will scrap the carbon tax and move to an emissions trading scheme.

Treasurer Chris Bowen has confirmed the decision will cost several billion dollars.

He says cabinet has approved a plan to move to an emissions trading scheme next year, a year earlier than originally planned.

The fixed carbon price of $24.15 a tonne will be removed in favour of a floating price, thought to be between $6 and $10 a tonne.

Mr Bowen says the Government will keep the carbon tax compensation package for families, but has told Channel 10 there will be spending cuts in other areas to pay for the change.

"We understand very much the cost-of-living concerns in the community," he said.

"We understand that deeply, and any revenue decisions we make will have that front of mind.

"I think that will be clear when we announce the details in coming days."

http://www.abc.net.au/news/2013-07-14/federal-government-to-scrap-carbon-tax/4818980

[catsnknots]

I have searched all over and can't seem to find where it says the Government will scrap the mining tax???? 

Link please? 

[just_me_karen]

Poor abbott lost 2/3 of his "policies" today haha

K Rudd will win. He already has 🙂

[donnashuggy]

I was responding to this by poddy, how embarrassing.

Now do you still wonder why Abbott  has kept policies close to his chest.

[lakeland27]

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@catmad*2013 wrote:

I have searched all over and can't seem to find where it says the Government will scrap the mining tax???? 

Link please? 

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http://www.abc.net.au/news/2013-07-14/federal-government-to-scrap-carbon-tax/4818980

[catsnknots]

Golly Gosh... I can't wait until we sign up to this fantastic scheme.... all our hopes and dreams for a safe, secure and worthwhile plan for our future are 100% now... 

http://www.guardian.co.uk/environment/2009/mar/10/lovelock-meacher-slam-carbon-trading

http://www.economist.com/blogs/schumpeter/2013/04/carbon-trading

http://joannenova.com.au/2013/07/state-of-the-carbon-market-in-2013-is-so-sick-the-world-bank-cancel...

[catsnknots]

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@lakeland27 wrote:

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@catmad*2013 wrote:

I have searched all over and can't seem to find where it says the Government will scrap the mining tax???? 

Link please? 

---

http://www.abc.net.au/news/2013-07-14/federal-government-to-scrap-carbon-tax/4818980

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I still can't find where it says that the mining tax will be scrapped????? 

I have done a search of the whole page and still can't find it... 

The op says the government said it will scrap the MINING TAX....... 

I hope they do... I know many people are struggling in the mining towns... remove both of these taxes and we will have some hope again for these areas. 

[lakeland27]

thats an error.

[catsnknots]

No.. it is what the OP posted... 

I have not made an error... 

[lakeland27]

i did mean the OP

[poddster]

Donna, even the unknown is by far a better choice than the known bungling and rorting that has been carried out by the Labor/Union/Green alliance.

Look back through history it is very evident.

Labor = Upstuffs and debt to the max

Libs = Upstuff repairing and paying off Labor's debt.

By the way take off your red tinted glasses 🙂