Any govt will have to find extra revenue after the mining boom ends. The more Swan does now, the less Abbott will have to do later. Abbott might look like a great ally of miners now, but that is only because it has been politically convenient for him. Abbott will scream and score points if Swan cuts the diesel rebate tonight, but once he gets into office he wont repeal it. The money will go straight into paid parental leave scheme for more votes than miners could ever buy.
AGO Price at posting:
92.0¢ Sentiment: Hold Disclosure: Held