Labor’s $2.7 billion broken promise
The Minns Labor Government’s $2.7 billion coal tax grab will risk jobs, increase energy prices, and add to a growing list of broken promises.
“This is a Government that can’t be trusted – before the election Chris Minns matched the Coalition’s promise not to raise taxes, and now he’s done exactly that to pay for his unfunded election promises,” Opposition Leader Mark Speakman said.
“It’s clear that Chris Minns can’t keep his word. He promised to roll over Active Kids and then slashed the program by 85%, he promised that he would deliver Metro West and now there is a question mark over the project, he promised no privatisation but is looking to sell off public land, and he committed to end secret rent bidding before backflipping – the list goes on.”
“The Labor Government’s coal tax grab is needed to plug the budget blackhole created by another Labor broken promise, namely no unfunded public sector wage increases.”
Shadow Treasurer Damien Tudehope said this was the Minns Labor Government’s attempt to fix the Budget black hole of their own making, which is risking our state’s fiscal security and Triple A credit rating.
“This is a Government that in the past 24 hours alone has announced an unfunded deal with the Teachers Federation and flagged an extension of Eraring without any idea of how long or how much it will cost the NSW Budget.”
“This tax grab risks higher energy prices and jobs across NSW, not just in the mining industry but for small businesses that no longer have the margins to absorb the increased input costs.”
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