Carbon tax savings to flow

FEDERAL Member for Lyne Dr David Gillespie said the axing of the carbon tax is particularly good news for families, seniors and small businesses here on the Mid-North Coast.
Scrapping the carbon tax will save the average household around $550 a year, including around $200 on the average household electricity bill and around $70 on the average gas bill,” Dr Gillespie said. “This will reduce cost of living pressures for many.”
He said the independent consumer watchdog, the Australian Competition and Consumer Commission (ACCC), had been given extra funding and powers to ensure that savings would be passed on to consumers.
“Scrapping the carbon tax will also take a cost burden off regional businesses. This will make it easier for them to compete and employ more people,” Dr Gillespie said.
“I’ve listened to many residents concerned about how this unfair tax has imposed a real burden on their small businesses and their family.
“The carbon tax is a $9 billion a year hit on the economy. It hurts small businesses and costs jobs.
“Scrapping this tax has been a grassroots effort – led by the Prime Minister, but helped by the voices of everyday Australians. It may have taken time and there were obstacles along the way, but we’ve done this together.
“Scrapping the carbon tax is just one part of our plan to build a stronger economy and create more jobs. It is also important we get the Budget under control, continue to reduce paperwork and build the infrastructure we need, like the Pacific Highway upgrade.
“There’s much more to do, but removing the world’s biggest carbon tax from the backs of everyday small businesses, families and seniors is an important step in building a stronger economy.”

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