LABOR’S NEW GAS AND COAL TAX RISKS JOBS

Reports that the Albanese Government is considering a new levy on Australia’s gas and coal exports should alarm every Australian household and business already struggling under Labor’s economic mismanagement.

Labor’s new gas and coal tax risks jobs, investment and Australia’s energy security

Only Labor could use a crisis to levy more taxes. The windfall gains that the government is receiving from every Australian who buys fuel is banked and the government has seen another opportunity to follow the direction of anti-fossil fuel activists to tax export gas, further exposing the economy to greater investment risk. 

It’s hard to believe the Prime Minister would make this call after Resources Minister, Madeleine King said earlier this month ‘that imposing new costs on the gas industry would freeze gas production in this country’.

The Albanese government has admitted we are in a fuel and energy crisis, but we are also in an inflation crisis, a cost of living crisis and an interest rate crisis. Small businesses are closing in record numbers. The answer is not new taxes that stifle investment and private-sector job creation. 

Instead, the government should look to its own out-of-control spending that has meant Australians have higher inflation and increasing interest rates, lower real wages and high costs of living that other developed countries aren’t experiencing.  

Labor’s economic bungling has left Australia less prepared to deal with global shocks.

Even more concerning is the government’s policy contradiction of trying to secure domestic fuel supplies while simultaneously proposing to restrict gas exports to key trading partners.

The Albanese government’s lack of planning, and its anti-Australia policies threaten future prosperity.

The Coalition believes in backing Australia’s resources sector because it underpins our economy and creates thousands of jobs. 

ENDS