More tax relief and a freezing or cutting of petrol excise are being considered as the government seeks to defuse voter anger over the rising cost of living.
are options being considered by the federal government in this month’s budget to defuse voter anger over the rising cost of living.to extend for another year the $8 billion-a-year Low and Middle Income Tax Offset,
In the government’s favour, there was no appetite among the motoring industry and economists to cut excise and Labor and the Greens opted to sit on the fence. Shadow treasurer Jim Chalmers said Labor would wait for the budget before forming a view but indicated an excise cut was impractical.“It is so important that we look for responsible ways, affordable ways, to ease cost of living pressures on Australians,” he said.
“As we come out of COVID and people get back on the move, the government needs to boost transport spending, not reduce its capacity to prioritise it.” “This has been caused by the disruption of the war in Europe and the invasion of Russia into Ukraine,” he said.Labor leader Anthony Albanese said Mr Morrison could not just blame the war because prices were approaching $2 a litre before the invasion.Advertisement
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