Nationalise gas and swap it for fuel

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Always fighting the last war, Albo’s cowards are talking about doing stuff in May.

After Anthony Albanese’s department reportedly requested Treasury modelling on a windfall tax on gas company profits, Mr Bowen said any levy introduced in the budget was a matter for Treasurer Jim Chalmers.

“The budget day is in May and the Treasurer will announce the budget. But the Treasurer has made clear that tax reform is on the government’s agenda,” he told Radio National.
“That’s not something that I’m focused on at the moment. At the moment I’m focused on fuel supply for Australians and energy prices coming down.”

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.