Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

Certainly. The carbon price will have an impact on the overall price level in the economy. We are proud of the fact that we are providing assistance to nine in 10 households. Almost six million households will get tax cuts or increased payments that cover their entire average price impact; over four million Australian households will get an extra buffer; and, of course, we have the tripling of the tax-free threshold, something that those opposite want to take away—which will be a very substantial tax increase if they ever have the chance of abolishing that very important reform, which gives substantial tax relief to low-income earners in our community. So we are providing assistance. We are proud of the fact. That is as it should be, and that is how we will put in place a carbon price that will drive increased investment in renewable energy.

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