Experts reject Coalition claims of carbon tax savings
Source: smh.com.au, 16 October 2013
Experts have rejected claims by the Abbott government that household expenses would be significantly smaller after a repeal of the carbon tax.
Prime Minister Tony Abbott and Environment Minister Greg Hunt said on Monday average households would be $550 a year better off with the scrapping of the tax.
Some $280 of the predicted $550 savings for the final year of the carbon tax – due under current legislation to revert in mid-2015 to a floating price at about a third of the present level – will require businesses to pass on lower costs.