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Fuel Tax Credit Cuts Add to Cost-of-Living Crisis

Agriculture and Mining Industries will undergo further running cost pressure if the Labor Government cuts the Fuel Tax Credit (FTC) Scheme.

Federal Member for Capricornia, Michelle Landry, is concerned that dumping the FTC will further hurt the agriculture and mining industries and the necessity for production costs to be passed onto the consumer.

“These industries, just like many others across Australia, are already struggling due to increasing costs of supplies, transport or day-to-day costs, Ms Landry said.

Businesses are currently able to claim the credit for vehicles they utilise that do not operate on public roads or on their private property and are over 4.5 tonnes.

“Once again, Labor is determined to punish the economy builders of our nation through another tax.

“While I understand that if you utilise a public road, you should be required to pay for its upkeep. What is nonsensical is having equipment that do not use public roads pay a road tax.

“The end result of scrapping the FTC scheme is higher costs at the grocery store, higher travel costs and hitting hard working Australians in the hip pocket.

“Families cannot afford another stealth tax from the Labor Government,” Ms Landry said.

With Parliament resuming today, Michelle Landry will join her Nationals Party Leader, David Littleproud, in condemning the Treasurer Jim Chalmers for overhauling the FTC scheme.

“Our mining and agriculture industries kept Australia running during the Covid-19 pandemic and it would be counter-productive to willingly put these industries at risk,” Ms Landry said.

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