The government’s books are tight. We shouldn’t borrow more, so there need to be reversals of the tax cuts and spending cuts. What matters is what is cut – all cuts are not the same. I’d like to see the $110 billion dollars of subsidies for greenhouse polluters under National’s Emissions Trading Scheme cut.
Right now, polluters have to pay a maximum price of $25 per tonne for their pollution and get half of it comped by us taxpayers. Treasury reckons it will cost us $110 billion over the 40 years to 2050.
What would you prefer to spend $110 billion on: subsidising companies to burn fossil fuels that are wrecking our environment or on vital public services?
running total of savings:
not employing scandal managers – at least $100,000 a year
no free carbon credit allocation – about $1 billion a year
total: $1,000,100,000 a year