Tony Abbott (Warringah, Liberal Party, Prime Minister) Share this | Hansard source

Scrapping the carbon tax will reduce prices. As the Chairman of the ACCC has said, 'What went up will come down when you take away the carbon tax.' Let me repeat that. The Chairman of the ACCC said, 'What went up will come down when you take away the carbon tax.' The Energy Supply Association of Australia said, 'Savings from the removal of the carbon tax will be fully passed through to gas and electricity consumers once the Australian parliament repeals the legislation.' So that is our challenge—to repeal this legislation, to get prices down, to save Australian families $550 a year on average.

But there is a very clear difference in this parliament. The government wants to save the households of Australia $550 a year. The Labor Party wants to add $550 a year to their costs. Even if the carbon tax goes in this parliament, elect that mob and it comes straight back in, because Labor loves taxes.

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