Guardian Essential poll: Australians want higher tax on gas exports and extension of petrol excise cut
Summary
Most Australians want higher taxes on gas export profits and want the current fuel excise tax cut to be extended, according to a recent poll. The poll also shows many Australians are shifting toward renewable energy and making efforts to reduce their fuel use amid global fuel uncertainty.Key Facts
- 68% of Australians want the fuel excise tax cut (which saves 26 cents per litre) extended beyond June.
- 57% support taxing profits from gas exports, while 12% oppose it.
- Prime Minister Albanese has ruled out new taxes on existing gas export contracts.
- Nearly half (46%) support reducing tax breaks like negative gearing and capital gains tax discounts for property investors.
- Inflation in Australia rose to 4.6% in the year to March, partly linked to global fuel issues caused by the conflict involving Iran.
- Only 14% of poll respondents expect Australia’s economy to improve in the next six months; 55% expect it to get worse.
- A majority support cutting government spending to reduce debt (59%) but also want strong public services even if it means running a budget deficit (64%).
- Australians are responding to the fuel crisis by reducing travel, using public transport, and cutting back on heating and air conditioning.
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