Australia politics live: Coalition calls budget ‘political sugar hit’ as Labor rubbishes claim it is adding to inflation

Follow all today’s news liveLabor and Greens gag debate on fuel efficiency standards in deal on offshore gas billGet our morning and afternoon news emails, free app or daily news podcast‘We don’t think production tax credits is way to go’: Angus Taylor on Future Made in AustraliaIs the Coalition going to vote against the Future Made in Australia policy, which was fleshed out in the budget and includes tax credits (in 2028) for things like critical minerals mining and green hydrogen?We haven’t seen the act. We don’t think production tax credits is the way to go in order to have a strong manufacturing sector.It’s about getting those fundamentals right whether it be approvals, whether it be getting rid of red tape or making sure the construction costs are competitive with the rest of the world.Oh, but it’s also a drop in the ocean, you know. What are we saying? It’s a Band-Aid on a bullet wound compared to the pain that mum and dads in Australia are actually feeling.I can tell you, they’ve paid a lot more than $300 under Mr. Albanese for their electricity. For the life of me, though, what it does show is Mr Albanese, [and the government] they’ve got their priorities all wrong. Continue reading...

May 16, 2024 - 10:30
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Australia politics live: Coalition calls budget ‘political sugar hit’ as Labor rubbishes claim it is adding to inflation

Follow all today’s news live

‘We don’t think production tax credits is way to go’: Angus Taylor on Future Made in Australia

Is the Coalition going to vote against the Future Made in Australia policy, which was fleshed out in the budget and includes tax credits (in 2028) for things like critical minerals mining and green hydrogen?

We haven’t seen the act. We don’t think production tax credits is the way to go in order to have a strong manufacturing sector.

It’s about getting those fundamentals right whether it be approvals, whether it be getting rid of red tape or making sure the construction costs are competitive with the rest of the world.

Oh, but it’s also a drop in the ocean, you know. What are we saying? It’s a Band-Aid on a bullet wound compared to the pain that mum and dads in Australia are actually feeling.

I can tell you, they’ve paid a lot more than $300 under Mr. Albanese for their electricity. For the life of me, though, what it does show is Mr Albanese, [and the government] they’ve got their priorities all wrong. Continue reading...

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