I don't think the PM will revoke the proposed mining profits tax.
he is alreayd coping flack for changing his mind on a dozen things
ETS was super important - now delayed insultation scheme was super important - now abandoned schools building program was super important - then investigated for rorting
If he does a backfliup on the mining profits tax it will seal his political fate.
They may AMEND the tax proposal claiming world markets and that they are doing the right thing, but if the abandon it the opposition will have a field day - and for this reason they will stick to their guns IMHO
(Note - I express no opinoin on the tax itself, just my ideas on whether they will stickto it/or abandon)
