1.6 million families are due to receive compensation for the carbon tax today. Good news? Not really.
According to Greg Combet, of those 1.6 million families 1/3 will not receive enough compensation to cover the increase in costs due to the carbon tax. In 2011 there were 6.4 million families in Australia. So that’s only around 17 per cent of families that will have their costs covered, assuming Treasury models are correct. Given the last minute cash splash handout announced by the government in the Budget, it seems Swan thinks Treasury may be wrong. It is safe to assume therefore that 17 per cent is an upper band figure of families that will not be worse off because of the new tax.
Hardly seems fair. So much for only the big polluters paying.