Nov 3, 2011

Truss’s hypocrisy on the mining tax exposed

Today in Parliament I outed Nationals Leader Warren Truss as a closet supporter of the Federal Labor Government’s plan to return to regional communities a fairer share of the wealth created by the mining of our natural resources.

Recently Mr Truss told a transport conference:

“I share the disappointment about how few mining companies contribute to the areas they invade and how little State governments return the massive royalty incomes they received to these [regional] communities.”

2011 TRANSPORT AUSTRALIA SUMMIT – 28 SEPTEMBER 2011

I now look forward to Mr Truss and the Nationals voting for our Minerals Resource Rent Tax (MRRT) legislation which is currently before the Parliament.  Or are they simply too weak to stand up to Tony Abbott and the Liberals who want to deny regional Australia their fair share of the nation’s wealth.

A proportion of the money raised by the MRRT – some $6 billion – will go into the Regional Infrastructure Fund for the purpose of building new roads, rail lines, ports and community facilities in regional and mining communities.

The rest of the revenue will also be used to:

  • Deliver major tax breaks for Australia’s 2.7 million small businesses;
  • Cut the corporate tax rate; and
  • Boost the superannuation guarantee from 9 to 12 per cent for around
    8.4 million Australian workers, providing them with greater financial security in their retirement.