Labor abandons promised carbon price tax cuts
Source: The Age, 8 May 2013
Tax cuts linked to the carbon tax worth will be abandoned in next week's federal budget, due to a drop in the projected carbon price.
Climate Change Minister Greg Combet confirmed on Wednesday that the Gillard government would ''defer'' its plan to increase the tax-free threshold in 2015.
Mr Combet said the shelved tax cut would have been ''in the order'' of $1.59 per week for most people earning up to $80,000 a year.
As part of its assistance to households when the carbon tax was introduced, the federal government tripled the tax-free threshold to $18,200 in 2012. This was due to rise to $19,400 in 2015.