Why cutting the fuel tax could fuel Australia’s inflation fire
As global crude oil edges toward $120 a barrel, Gary Hardgrave on 4BC Mornings and independent economist Saul Eslake debate whether cutting Australia’s fuel excise would ease cost-of-living pressures or accidentally worsen inflation.
Their conversation also exposes how reckless state and federal government spending – combined with a flawed tax system and bracket creep – is fuelling inflation and driving up interest rates.
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