Coalition eyes climate, housing money to fund tax cuts
Key points
- A future Coalition government would scrap funding for renewable energy projects, electric vehicle subsidies and social housing to pay for income tax cuts, according to leader Angus Taylor. He said the savings would add $31 billion to the federal budget bottom line, more than covering the plan to index income tax brackets to inflation.
- Shadow Treasurer Tim Wilson said banning non-citizens from welfare and NDIS payments would add another $2 billion.
- Treasurer Jim Chalmers accused the opposition of not explaining how it would fund $110 billion in unfunded commitments.
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