Full extent of Labor??s carbon tax damage revealed

The economic damage being done by Labors carbon tax to households and businesses in the North has been confirmed by the release of figures from the Clean Energy Regulator, North Queensland based Senator Ian Macdonald said.

The figures detail the carbon tax bills for all businesses and organisations who pay the tax for the 2012-13 financial year.

In its first year of operation, the carbon tax was a $7.6 billion hit on the Australian economy and a direct hit on around 75,000 businesses. Thats much worse than Labor ever let on, Senator Macdonald said.

The Clean Energy Regulator has revealed the extensive damage the carbon tax has had on the Australian economy and ultimately it impacts every family and business in Northern Australia.

16 of the 20 largest carbon tax bills have gone to electricity companies. The power sector is being hit with $4.1 billion in additional costs. That means higher power bills for families and businesses.

Senator Macdonald said that the worst part about the financial slugfest of the carbon tax was that it didnt even work to significantly reduce carbon dioxide emissions.

In spite of the huge cost to the entire community of the carbon tax, it hasnt even worked to reduce emissions. $7.6 billion and a ridiculous reduction of just 0.1 per cent!

Northerners can blame Bill Shorten refusing to pass the legislation to repeal the carbon tax and for helping to push up electricity bills and the overall cost of living.

Mr Shorten should have a look at the recently published opinion polls and realise that Australians dont like his standing in the way of tax abolition that Australians clearly voted for at the last election.

Its time for Labor to get out of the way and support the repeal of the carbon tax, Senator Macdonald said.

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