Parliament

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

 

We Could Cut Taxes Now

Friday 24 May 2002

The $2.3 billion surplus in the Budget shows the government is grossly over-taxing New Zealanders, ACT leader Richard Prebble told a post-Budget breakfast meeting in the Beehive today.

"The government could reduce company tax to 28 cents, lower personal tax rates to just two - 18 and 28 cents - keep the low-income rebate of 15 cents, for a cost of about $2 billion, according to the McLeod Tax Review," Mr Prebble said.

"That would give us lower taxes than Australia and give every working person a pay rise.

"If the government made no changes to expenditure and implemented the suggestion in the McLeod report, there would still be a $300 million surplus.

"Everyone knows Budget deficits are bad for the economy, but so are big surpluses. A $2.3 billion surplus shows the government is over-taxing every household. That is money which could otherwise be used for investment, growth and jobs.

"The government's tax increase to 39 cents, which we were told was needed, was clearly unnecessary. The extra $400 million paid by high income earners is unnecessary.

"What's happened to the $200 million that the extra 4 cents-a-litre petrol tax raised? The state highways budget is $50 million less than last year, and the total roading budget - local and state highways - has been reduced from $724 million last year to $711 million this year.

"Last year's vote wasn't fully spent. The Budget shows not only was the extra 4 cents petrol tax not needed but also the claim that it will be spent on Auckland's roads, Transmission Gully and solving the wall of wood, is a lie.

"Perhaps even more concerning is that the vote for Corrections is to fall by $20 million. This is proof positive that the government does intend letting violent criminals out of our jails - a false economy.

"ACT believes the first priority of government should have been personal security, through a Zero Tolerance for Crime approach and Truth-in-Sentencing to keep dangerous criminals in jail," Mr Prebble said.

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Ardern Speech: Justice Summit Opens

If we want to talk about an effective justice system, we shouldn’t start with a discussion about prisons, but a discussion about New Zealand...

We believe in a ‘fair go’. We are fair minded and like to give people a chance. Ensuring everyone is treated fairly is part of the fabric of our culture.

And equally, we are defined by what we don’t believe ourselves to be – and we certainly don’t feel like the kind of place that would have one of the highest incarceration rates in the western world, and yet we do. More>>

 

NZDF: New Chiefs Of Navy, Army And Air Force

“I’m delighted to announce that following approval by Cabinet, Commodore David Proctor, Brigadier John Boswell and Air Commodore Andrew Clark have been appointed by the Governor-General to lead their respective Services,” says Ron Mark. More>>

ALSO:

Christchurch Quake: New Red Zone Payment For Uninsured

The Government will pay former residential red zone owners 100% of the 2007/08 rateable value for uninsured homes, Minister Megan Woods has announced today. More>>

ALSO:

Gordon Campbell: On MP Pay And The REAL P.C. Danger Zone

There has never been anything remotely credible about the way parliamentarians would paint themselves as the helpless victims of the Remuneration Authority when it came to their pay increases... More>>

ALSO:

Repatriation: Remains Of NZ Service People Return Home

Prime Minister Jacinda Ardern and Minister for Veterans Ron Mark say they were honoured to be with the families of service personnel as they welcomed their loved ones home. More>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages