, and he wanted to avoid pre-empting any future advice, but the energy situation forecast in the federal budget could not endure.The treasurer said while PRRT tax take was up in last week’s federal budget because of record prices, “there is an appetite in the Australian community to see if that tax can operate more effectively”.
Describing himself as a “reluctant intervener” in the market, Dr Chalmers said the threshold had been crossed where intervention was now required to force prices down and complement earlier work on boosting supply. “I think there is a danger, the idea that you can – for any sustained length of time – live in a world sort of shielded from global reality,” Mr Brennan said.
It is a short term increase in the price of gas. Does this mean when the price falls again, the tax will be reduced or removed? If not, we are just making an industry uncompetitive, which will reduce investment, and over the long term have a negative impact on the country
We do not want more taxes. They will make their way to us as consumers. We want the Govt to abandon woke agendas.
Tax is the easy short term solution. Better option is to increase supply and generate more wealth for Australia
Lol
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Chalmers again refuses to rule out future changes to stage three tax cutsTreasurer Jim Chalmers has said he doesn’t “have a problem” with a conversation around changing the promised stage three tax cuts in the context of tackling massive structural deficit. Surprised? Anyone?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
‘Another difficult day’ as RBA raises cash rate to 2.85 per centTreasurer Jim Chalmers says it’s “another difficult day for Australians” who are “already under the pump” as the Reserve Bank lifts the cash rate by another 25 basis points to 2.85 per cent. “This means Australians with a mortgage will have to find that little bit extra in their monthly budget to accommodate these interest rate rises,” he said during a media conference on Tuesday. “I think importantly, as well, the Reserve Bank has changed their forecast for inflation – they now expect inflation to peak around eight per cent towards the end of the year.” Cost of Climate Change, Zero Emissions, Junk Renewables SCAM Brought to you by labor 🤡🤡🤡🤡🤡 JEChalmers that’s all he ever says ! That’s because he’s bereft of ideas and/or actions to assist as is ALWAYS the case with Labor Govt’s. When will people EVER LEARN ?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Chalmers acting like a ‘spectator’ to a crisis he has ‘no idea how to fight’Sky News host Andrew Bolt says one week since the Albanese government delivered its first budget and things are already “worse” than the budget was counting on. The Reserve Bank of Australia today raised the official interest rate by another 25 basis points – the seventh rate rise in a row. “Treasurer Jim Chalmers was again out there today acting like a spectator to a crisis he's got no idea how to fight,” Mr Bolt said. Andrew “I’m a failure at everything I do” Bolt. 👍 Chalmers just repeats news headlines that people already know of, as everyone can read. But that's not his job, his job is to tell us the solutions to the problems. People want to know what is he doing to fix it? bazmacca Spectator, exactly. Running commentary is all we get from Chalmers. The few actions from him are making things worse, and/or being targeted at a small subset of the population, and at that not coming for a year or more. 'Leave no-one behind' they said....
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Labor has ‘no comprehensive plan’ to address inflation: Angus TaylorShadow Treasurer Angus Taylor says there is “no comprehensive plan” to address inflation in Labor’s federal budget. Mr Taylor said during his address at the National Press Club on Wednesday that Treasurer Jim Chalmers “is much more comfortable” giving commentary on inflation. He also said it’s “a missed opportunity” to respond to challenges. Thanks Albo
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There’ll be a ‘plan in the next few weeks’ for the energy bills issueSky News Political Editor Andrew Clennell says don't expect any solutions from the government next week on the energy bills issue. “If you're expecting a solution on energy prices next week when parliament resumes, you're out of luck,” Mr Clennell said. He said he’s been told there will be a plan in the next few weeks and the Albanese government is aware of the urgency of acting on Australians’ energy bills before it’s too late to stop the 50 per cent price rise next year. He also said Energy Minister Chris Bowen, Treasurer Jim Chalmers, Resources Minister Madeleine King, and Industry Minister Ed Husic are all awaiting advice from their departments on options. “We saw former ACCC chair Rod Sims suggest a range of actions this morning, including a mandatory code of conduct which requires gas producers to supply domestic markets and a windfall profits tax on resources companies,” Mr Clennell said. Albo, no plan no idea. Try facts
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Chalmers again refuses to rule out future changes to stage three tax cutsTreasurer Jim Chalmers has said he doesn’t “have a problem” with a conversation around changing the promised stage three tax cuts in the context of tackling massive structural deficit. Surprised? Anyone?
Source: SkyNewsAust - 🏆 7. / 78 Read more »