Coalition proposes automatic cut to fuel and truckie excises during oil crises | ABC NEWS
Community Score: 50% | 11.2K views | 3w
0 community ratings: null thumbs up, null thumbs down
The federal opposition is proposing a policy to ease fuel prices during oil crises. Coalition leader Angus Taylor wants to set a global oil price threshold of $100 per barrel for an automatic 50 per cent discount to the fuel excise to be triggered. It's proposed that it would be paid for by cutting the tobacco excise to encourage smokers to spurn black market tobacco. Treasurer Jim Chalmers says he is cynical about the viability of the proposal, citing concerns about its uncapped nature. Subscribe: http://ab.co/1svxLVE Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #abcnewschannel
Tags: Australia, abc, abc news, news, Oil prices, oil crisis, petrol prices, federal opposition, Jim Chalmers, Angus Taylor, treasurer, Anthony Albanese, Albanese government, Australian government, Canberra, federal politics, fuel excise, tobacco excise, Australian taxes, Government taxes
More from ABC News (Australia)
- The biggest market sell-off since 'Liberation Day' | The Business | ABC NEWS — Score: 50%
- Designer Katie Perry wins trademark case against pop star | ABC NEWS — Score: 50%
- A look around the NT as residents deal with flooding emergency | ABC NEWS — Score: 50%
- Bundaberg homes inundated after Burnett River peaks | ABC News — Score: 50%
- Reindeer races in Finland draw international crowds | The World | ABC NEWS — Score: 50%
- Grave fears for Iranian footballers after Australia asylum saga | The World | ABC News — Score: 50%