Australia PM introduces disaster tax to Parliament

CANBERRA, Australia  — Australia's prime minister introduced tax legislation to Parliament that would raise $1.8 billion to help pay for record storm and flood damage across the country's east.
In presenting the legislation Thursday, Prime Minister Julia Gillard said the government's bill for weeks of flooding in northeast Queensland state was at least $5.6 billion.
The legislation will be scrutinized by a parliamentary committee before lawmakers vote on it in a few weeks.
Opposition lawmakers opposed the tax and argued that the government should instead cut foreign aid to Indonesia.