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Growth-Oriented Act Economic Policy Welcomed

"ACT's economic and tax policies reflect a clear understanding of business and economic realities", Roger Kerr, executive director of the New Zealand Business Roundtable, said today.

"They would give New Zealand a real chance of achieving the goals for economic growth that other parties are talking about without necessarily offering realistic policies to attain them.

"Better tax and regulatory policies are essential in any strategy for making New Zealand a more attractive environment for small and large businesses alike. Lower taxes would also reduce the welfare trap and help get people back to work.

"ACT is correct to say that lowering the overall tax burden requires a reduction in the government spending share of the economy.

"Its goals for government spending and support for a lower and flatter tax structure as recommended by the McLeod tax review will be welcomed by business.

"So too will its commitment to a zero-based review of regulations and a Regulatory Responsibility Act.

"These are commonsense policies that are fully in line with good economic practice in successful countries", Mr Kerr said. "They deserve serious study and debate."

ENDS

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