[Peakoil] Coalition prefers income tax cuts over excise cuts

[Alex Pollard]

Hi folks,

The Coalition has pretty much ruled out petrol excise cuts. Although both 
sides of politics have steered well clear of such a retrograde policy I 
thought it could still make a come-back in an election campaign. However 
Howard has said in relation to the income tax cuts proposed today:

"Isn't it better to do this, rather than to fiddle with the excise on 
petrol which can be wiped out with some kind of variation in the world 
price of crude oil?"

"The infinitely fairer, economically more responsible way of dealing with 
cost of living pressures is to actually give to the average taxpayer the 
wherewithal to deal with the pressures in the way that he or she thinks fit.

"Not for the Government to say 'We think that pressure is worth relieving, 
but that pressure over there is not deserving of relief.' "

Looks like we will not have a cheap fuel auction at the election, which is 
good.

Full article here

http://www.smh.com.au/news/economy/pledge-to-cut-
tax/2007/10/15/1192300657771.html?page=fullpage


Alex
O4O4873828

ACT Peak Oil
http://act-peakoil.org