Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Emir Of Ashburton Gets The Wrong End Of The Slick

Emir Of Ashburton Gets The Wrong End Of The Oil Slick

Deputy Prime Minister Jim Anderton said today rejected the National Party's suggestions that the government should subsidise petrol companies through tax cuts on petrol.

Jim Anderton was puzzled why the Emir of Ashburton, Jenny Shipley, was taking the side of the oil companies in defending a 12% increase in petrol prices since March while crude prices are at about the same level.

"The government is not making more money from petrol price rises. For every dollar the government gets in increased GST revenue due to higher petrol prices we lose at least a dollar in GST revenue through a reduction in spending on other items," Deputy Prime Minister Jim Anderton said.

"What is worse, petrol prices are a major contributor to costs across the entire country. Increases in petrol prices have a large effect on inflation for example, which means the economy could be hit with interest rate rises further curtailing economic growth.

"This in turn reduces income for the government, through a reduced overall tax take. Therefore, increases in petrol prices do not mean any increase in government revenue at all.

"The last time petrol taxes were increased was six months after the Jenny Shipley became Prime Minister. Since that time petrol prices have gone through the roof and the increase has had nothing to do with government tax changes.

"If we were to do as Jenny Shipley has suggested there is no guarantee that a reduction in petrol tax would be passed on to motorists.

"We would also have to find money for schools, hospitals and superannuitants from other sources.

"We would in effect be subsidising petrol companies at the expense of essential social services, something that this government will not do," Jim Anderton said.

Ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Whether Trump Is Likely To Be Impeached

'Tis the season to be jolly, and for wrapping a plea bargain under the Christmas tree for all ye formerly merry, Trump-connected gentlemen.

Reportedly, Michael Cohen, Paul Manafort and Michael Flynn have all been co-operating with the probe led by special counsel Robert Mueller.

Flynn has done 19 interviews so far. So what chance has the Trump presidency got of surviving, all things considered? More>>

 
 

Dealing Crackdown, Addiction Support: Government Action On Synthetics

The NZ Drug Foundation has welcomed the Government’s response to synthetic drug deaths. The response strikes a balance between giving law enforcement the tools they need to target criminal networks and changing drug law to make it easier for people to access help when they need it. More>>

ALSO:

Strategy Committee Unanimous: Wellington To Forge Ahead With Convention Centre

The three-storey Cable Street building, with around 18,000-square metres of floor space, will comfortably be able to host 1500 people for conventions. It includes a 1651sq m exhibition area that will attract international exhibitions too big for nearby Te Papa and provide an always-changing visitor attraction. More>>

ALSO:

Surveying The Surveillance: First IGIS Review Of Warrants Under New Act

The report sets out the Inspector-General’s interpretation of the new warrant provisions under the ISA and her expectations of the GCSB and NZSIS when they prepare warrant applications. More>>

SSC: 2018 Public Service Workforce Data Published

State Services Commissioner Peter Hughes has published the 2018 Our People, Public Service Workforce Data , which shows the Public Service is making significant progress in important areas. More>>

ALSO:

Sinking Cap: Auctions, Permanent Forests, Added To ETS

The move to auctions, signalled in an August consultation paper, will help put a cap on the number of emission units available over time. Annual announcements, looking forward five years, will help provide certainty for scheme participants, she said. More>>

ALSO:

Joint Select Committee Report: Achieving Smokefree 2025

In a historic first for select committees, the Māori Affairs Committee and the Health Committee presented their joint report on achieving the Smokefree 2025 goal to the House on Tuesday, 11 December 2018. More>>

"Shared Interests And Democratic Values": Peters To Visit USA

Deputy Prime Minister and Foreign Affairs Minister Winston Peters will travel to Washington D.C. for talks with US Secretary of State Michael R. Pompeo and other senior members of the US Administration. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels