Carbon Tax anyone? read here http://en.wikipedia.org/wiki/Carbon_tax
Combet to detail carbon tax compo
12.4.2011
The Australian Federal Government is poised to pledge millions of dollars in sweeteners for Australian households who are facing the possibility of higher bills under the proposed carbon tax.
Climate Change Minister Greg Combet will use a speech at the National Press Club later today to release key details of the proposed compensation for households under the scheme.
He says pensioners and the low-paid will be the priority for compensation and says most families will actually be better off under the plan.
The Government has maintained all revenue from the scheme will be used to compensate households and sensitive industries, and support energy efficiency and new technologies.
"What we're making clear today is that more than 50 per cent of the carbon price revenue will be used to assist households and that we expect that millions of households will be better off under the carbon price arrangements," Mr Combet told ABC's AM.
"Obviously as a Labor Government, we're concerned to help low and middle income households as much as we can."
He says for most families, compensation will outweigh the higher cost of living that will be generated by the tax.
"It's very important that we ensure that people have got the assistance they need to meet any price impacts," he said.
"Providing that assistance doesn't remove the incentive for them to become more energy efficient with the assistance that's provided, if they can improve their energy efficiency and reduce their energy use, that cash will become available for help elsewhere.
"There's a variety of ways that we can deliver this assistance. One of the most efficient ways is through a tax and transfer system ... but we haven't finalised the detail of the delivery arrangements at this point in time."
Mr Combet will also reveal that compensation for households will be permanent - neutralising one of the Opposition's key lines of attack.
Been alot of debate down here I feel they should be hitting big industry for the tax(bill) :bs:
But he says the scheme is not designed on the basis of "endeavouring to snooker anybody".
The announcement is not expected to contain exact details about how much the compensation will be as the carbon price itself has not been determined.
Finance Minister Penny Wong has said the price and compensation levels will not be revealed until after next month's federal budget.
The compensation package will need the backing of the Greens and independents.
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