Gas tax turns roaring avalanche

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Albo the coward has a fight on his hands.

Key welfare groups are calling on the Albanese government to make major changes to the tax system, including establishing a 25 per cent gas tax, to help Australians struggling with the cost of living crisis.

The Australian Council of Social Service and Oxfam Australia are two of 50 community organisations demanding the new gas tax, as well as scrapping of the capital gains tax (CGT) discount and the phasing out of diesel fuel rebates for mining companies.

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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.