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

 


Disappointing Budget for 4 out of 5 households


Disappointing Budget for four out of five households

"Labour's big-spending Budget will be a bitter disappointment for four in five Kiwi households," says National Party Deputy Finance spokesman John Key.

"Only one in five households stand to benefit from the Working For Families programme.

"The package is even more cynical when you consider that working families will have to wait years before they see any substantial refund from Labour's over-taxation.

"This year alone, taxpayers will give the Government more than $1.5 billion in increased taxes as a result of changes in the tax brackets and increases to a variety of tax and excise rates over the past four years.

"The cynicism of this Budget will be lost on no one.

"The Finance Minister is overtaxing middle income households on the one hand, then giving it back through the welfare system. It's absurd that he then expects those voters to be grateful for getting their own cash back in a state sponsored money-go-round.

"Business, meanwhile, continues to get the raw end of the deal from a Government that proudly displays its anti-business agenda.

"New Zealand is paying, and will continue to pay, a heavy price for having one of the highest corporate tax rates in the Asia Pacific region. We are one of the few countries in the OECD which has not moved to lower company tax rates since 1999," says Mr Key.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news