The cost of Kevin Kong's carbon con

As Canberra spends big to ward off ‘carbon price cost of living pressures’, it's cheating us out of policies that would have far more effective impact on hip pocket pain.

We now face the extraordinary political situation in which both major parties have vowed to retain all of Labor’s carbon price ‘compensation’, made up of tax breaks, pensions and benefit increases, while reducing or removing altogether the ‘cost of living increase’ for which we are being compensated.

On the Coalition side, Tony Abbott knows that taking money from pensioners or hiking taxes (the 1.5 per cent parental leave levy on big businesses notwithstanding) would be electoral suicide.

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