In another “Hysterically inaccurate” statement by the Treasurer
Government spokesman Matthew Sullivan explained that electricity producer Hydro would not be subject to the carbon tax, as its hydro-electric and wind power generation methods did not emit carbon.
But he said Aurora, which buys electricity from Hydro to sell to Tasmanian customers, would attract a share of the tax because it runs the gas-fired Tamar Valley Power Station, which does emit carbon.
Meanwhile, families with incomes of up to $150,000 a year will be better off under the carbon tax, according to Treasurer Wayne Swan.
A Treasury analysis reveals half of all families earning up to $150,000 will be over compensated for the carbon tax with tax cuts and welfare changes equivalent to 120 per cent of the expected cost.
After a calculation based on a family with one high school student earning $125,000 it appears
- the average price impact would be:$646 per year ($12 per week)
- total annual Government assistance would be $309 per year,
- assistance provided through Australian Government payments would be:$306 per year
- ongoing assistance will be provided through the Clean Energy Supplement….and assistance through tax changes would be $3 per year.