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


Kiwis Overtaxed $2,500 A Year

Kiwis Overtaxed $2,500 A Year

A 30 percent leap in tax revenues under Labour is the biggest in New Zealand history, and clear evidence that ordinary working New Zealanders are being overtaxed by $2,500 a year, ACT New Zealand Finance Spokesman Rodney Hide said today.

"Recently released Crown financial statements, for the first four months of the fiscal year, show tax revenues continue to surge ahead of all expectations - $14.7 billion for the year to October, compared to just $11.3 billion for the year to October 1999," Mr Hide said.

"Despite this, Labour has overseen more than 40 tax increases, and raised petrol tax three times.

"Many families find it difficult to get ahead because they are so overtaxed. How are they supposed to pay the bills and save for retirement when the Government takes so much?

"Despite wage rises, people are moving into higher tax brackets and are paying more tax. Add inflation to the equation, and people's real net wages have not significantly changed from where they were four years ago.

"Labour is heading for another $5 billion surplus - that's enough to give every full-time working New Zealander a tax cut of $2,500 a year, or $100 a fortnight, and still run a surplus.

"ACT is the only party calling for a tax cut for every Kiwi worker. A tax cut putting around $100 a fortnight back in workers' pockets would be the best New Year news Kiwis could hope for.

"With New Zealand's economic outlook starting to dip, now could be the best time to signal a tax cut for workers," Mr Hide said.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>


Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>


Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news