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'No money tree' to help all families with carbon price costs

JULIA Gillard has acknowledged there will be losers under her carbon pollution plan with her own figures showing some middle-income families will be more than $7 a week out of pocket.
The Prime Minister said "there's no money tree" to pay for full compensation for everyone.
Government figures show that a dual-income couple on $120,000 a year (with a 70/30 pay split between them) with a teenage child will lose $375 a year, or $7.20 a week.
If the same couple had two children aged between five and 12, they would lose $390 a year, or $7.50 a week.
Ms Gillard said the tax cuts were aimed at families earning less than $150,000 a year and that only 10 per cent earned more than that.
“There's no money tree, there's no endeavour here to try and pretend that everybody is better off or everybody is in the same position," the Prime Minister said.
"There are some Australians who are not getting tax cuts and family assistance sufficient to compensate them for the likely impact of carbon pricing on them.
"We have structured this package deliberately so that we are assisting lower income families and middle income families, taking the approach that we will put assistance where it's needed the most."


Read more: http://www.news.com.au/breaking-news/no-money-tree-to-help-all-families-with-carbon-price-costs/story-e6frfku0-1226091696530#ixzz1Rl5prKuj


Added: Jul-10-2011 Occurred On: Jul-10-2011
By: absu69
In:
World News
Tags: australia, carbon, corruption
Marked as: approved
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