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


Has the Government forgotten our superannuitants?

Friday, 12 November 2004

Has the Government forgotten our superannuitants?

United Future revenue spokesperson Gordon Copeland wonders whether the Government, in its anxiety to dismiss his call for tax cuts as being “only for the wealthy”, has forgotten that superannuitants also pay tax.

“My specific proposal is that the 15 cent in the $1 tax bracket be moved from $9,500 per annum to $10,750. This will give every superannuitant a tax saving of $6.25 ($12.50 for a married couple) per month.

“Revenue Minister Dr Michael Cullen admitted in the House last week that in a progressive income tax system, if the tax brackets are not adjusted for inflation, then taxes are increasing in purchasing power terms.

“In simple terms that means that the Government’s failure to adjust the brackets means that our superannuitants are now paying more tax than they did in the year 2000, in spite of the Government’s 1999 credit card pledge that they would not increase taxes for people earning less than $60,000.

“It’s not good enough and United Future will continue to call for an adjustment to the tax brackets with effect from 1 April 2005,” said Mr Copeland


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


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>>


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>>


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