Gillard loses second key minister

Opposition treasury spokesman Joe Hockey said a Coalition government would “unwind” compensation arrangements, along with the carbon tax. See the full story in The Australian

The attempt over the weekend to spin the Carbon Tax as a 'tax cut' is just more of the spin we can expect to see from the Government as it tries to impose its Carbon Tax without a mandate and without popular support.  The Australian late today reports that none of the impacts of the Carbon Tax or the so-called tax cuts will form part of the Budget or the proposed Summit. This is, of course ridiculous with the Budget presuming to portray revenues and expenditures over the four year forward estimates.