Greens: slug gas cartel with super-profits tax

Advertisement

Greens leader Adam Bandt will use today’s National Press Club speech to call for free childcare and dental care for all Australians.

It is estimated that this would policy cost about $18.2 billion a year, but Bandt will contend that it can be financed by new taxes on the ‘super-profits’ of large gas companies and the wealth of billionaires.

Bandt will also argue that free childcare and dental care will provide greater financial relief for ordinary Australians than the temporary reduction in the fuel excise tax.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.