Melbourne-based public policy ‘think-tank’ the Grattan Insitute has released a report stating that the $8 billion a year in fuel tax credits given to businesses should be cut in half, to help repair the budget and reduce carbon emissions.
However National Farmers Federation president Fiona Simson has warned that slashing the scheme would be “economically disastrous”, and would “light the fuse on a multi-billion dollar tax bomb” that would send a cost of living shockwave down the supply chain.
“Farmers are already battling a cost of farming crisis, with fuel, fertiliser and…
