The 2014 budget announced by Tony Abbott and Joe Hockey lives in political infamy because its cuts and savings, although economically prudent, constituted some brazenly broken promises.
The other was the reintroduction of the twice-early indexation of the petrol excise, reversing a freeze that a panicked Howard government applied in 2001 when petrol shot above the lofty height of $1 a litre.Although the deficit levy passed without any trouble because there are no votes in defending high-income earners, the petrol excise reversal took almost a year.
Ultimately, Labor dropped its rhetoric and waved through the reindexation legislation in the cause of budget responsibility. The Greens refused to budge. Milne’s philosophy, according to others inside the party, was that the Greens should be, first and foremost, a party of protest.
Much has been said and written recently about this great sliding doors moment of December 2009 as the parliament gears up to debate Labor’s plans to legislate a 2030 emissions reduction target of 43 per cent over 2005 levels, and to commit to net zero emissions by 2050.and vote with Matt Canavan to oppose the policy.
They say, however, a legislated target is preferable because it would provide badly needed certainty for investors and businesses. The Coalition suffered badly at the last election as a result, and the post-polling day unilateral edict by leader Peter Dutton that the opposition would not be supporting Labor’s legislation has caused a great deal of unrest.
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