Treasury reveals cost of carbon tax on Australian families
Treasury documents released today under the Freedom of Information (FOI) act reveal that Australians could face up to an A$863 rise in household costs per annum if the government proceeds with its plans to put a tax on carbon emissions. The documents reveal an a annual price rise of $218.40 for electricity, $114.40 for gas, $187.20 for petrol and $88.40 for food for the average household. The treasury modelling was based on a $30 carbon tax, but also estimated other prices such as a $40 tax which predicted a rise of over $1,100 to the average
Source: Wikinews