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


Lower Taxes Are Good For Growth

18 April 2002

"Claims in Parliament yesterday by the Finance Minister that tax reductions are not good for growth are blatantly wrong," says National Finance spokesman David Carter.

Mr Carter says Dr Cullen's selective use of figures to back-up the Government's high-tax policy does serious damage to his credibility and proves how out of sync his policies are with most other nations.

"National will reduce the corporate tax because it gives businesses more money to reinvest, which means higher growth and more jobs."

Mr Carter says National will also reduce the top personal tax rate because it believes in rewarding people's success not punishing it.

"Lower personal taxes are important because we are an economy of small businesses and two thirds of these businesses pay personal not corporate tax. We believe it is important to lower taxes for all New Zealand businesses - not just corporates.

"Lower taxes are good for the economy, but they are no silver bullet. Tax reductions are only part of National's comprehensive economic framework, which will help lift our long-term, sustainable growth rate and benefit all New Zealanders.

Mr Carter says the country can't have world-class health and education without a world-class economy to pay for them.

"Dr Cullen continues to practise envy politics. His latest contention that people with an annual income of $38,000 are wealthy is simply not credible and is more evidence that the only thing economical about his claims is the truth," Mr Carter concluded.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Cop Shop Top-Up: 1800 New Police Through NZ

Police Commissioner Mike Bush has today confirmed further details around the allocation of the 1800 additional officers, following a $298.8 million increase for Police in Budget 2018...

“These 1800 officers, alongside 485 support staff, will really enhance our work to keep people safe, and ensure they feel safe,” says Mr Bush. More>>


Human Right Commissions: Concern On Aged Care And Consent

A new report published by the Human Rights Commission raises concerns about the legal and human rights safeguards for an estimated 5000 elderly New Zealanders in secure dementia units and psychogeriatric facilities. More>>


Justice Reform: Andrew Little Interviewed By Corin Dann

“We’ve had thirty years of the auction of more penalties, more crime, more people in prison but it‘s not working, it’s not making us safe.” More>>


Greens AGM: Leadership Stands Firm On Waka Jumping Bill

The Green Party leadership have dug in their heels and will not be reversing any of the decisions they have made in government. Former MPs Jeanette Fitzsimons and Sue Bradford had hoped the caucus might be persuaded this weekend to pull its support from the waka jumping bill. More>>


TOP Still Going, Actually: New Leader For Opportunities Party

New leader Geoff Simmons' aim as the leader of TOP is to take the party into Parliament at the next election where it can advocate and implement progressive reform in areas including fair taxation, cannabis legalisation, affordable housing, and environmental protection. More>>


Gordon Campbell: On Another Reason To Loathe HR Departments (And On The Teachers Strike)

This morning’s news item about Police emergency call centre staff turning up for work while they’re sick – because they’re afraid their sick leave statistics will be used against them, and their jobs put in jeopardy – is not an isolated case... More>>

MPs' Computers To Be Searched: Inquiry Into Leak On Simon Bridges' Expenses

An inquiry has been launched to find out who leaked the National Party's expenses to the media... Parliament's speaker, Trevor Mallard, said a Queen's Counsel would lead the inquiry with the help of an employment lawyer and also someone with forensic IT skills. More>>


Teachers Strike: Nationwide Rallies And Marches

Teachers and principals voted for a full day strike to be held on 15 August to send a strong message to the Government that the current collective agreement offers from the Ministry of Education would not fix the crisis in teaching. More>>





Featured InfoPages