Abbott, in his never ending quest to oppose all things Green and favour all things fossil, has destroyed another revenue base for the Australian economy; the mining tax. I think he's dead set on creating his own budget emergency all on his own. Whatever one's political views are with climate change, it remains a fact that by removing the mining tax he has shrunk even further gov revenue. This comes soon after the removal of the carbon tax, which was BTW working very well. It's simple arithmetic.
So he's done some deal with Clive loose-canon Palmer and got through the repeal of the mining tax. Um, Clive Palmer is a mining magnate....... Something about superannuation too and a cut to workers super. Haven't looked at the details, but seriously what more would be expected of a gov in the hands of investors and a mining bazillionare? Let's just hope Clive keeps his heart when it comes to the Medicare legislation coming up. And the welfare bullshit.
This from Christine Milne of the Greens and the mining tax repeal:
"Champagne corks will be popping in mining company boardrooms while Australian workers will face less money for their retirement.
"This is not just about the spending measures associated with the tax. Today Clive Palmer is facilitating Tony Abbott's brutal budget by taking away one of the best opportunities we have to raise revenue from those who can afford to pay.
"We could be raising billions more in revenue from mining companies, but instead the Palmer United Party has joined with Tony Abbott to abolish the mining tax altogether.
"Clive Palmer can no longer pretend to be an amusing sideshow who has an interest in helping families or working Australians. He has used the federal parliament to help abolish the tax which was about getting Australians a fair share from our mineral wealth." more
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