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

 


Cullen's tax cut excuses wearing very thin

Cullen's tax cut excuses wearing very thin

Friday 3 Dec 2004

Rodney Hide - Press Releases - Other

ACT Leader Rodney Hide said the Finance Minister's latest excuse for not cutting taxes for fear of over-stimulating an already booming economy is laughable.

Dr Cullen's excuse came the same day as the New Zealand Institute of Economic Research released forecasts showing economic growth dramatically falling to 2.4 percent in the year to March 2006, and averaging just 2.9 percent per annum for the following three years.

"We're not booming and the future of our economy is not that bright. Tax cuts are just what we need," said Mr Hide.

Dr Cullen's latest excuse follows a litany of excuses, flop-flops, and indecision:

"At the beginning of his reign Dr Cullen said there was no fiscal headroom for tax cuts.

"He then told an overseas audience he'd like to reduce company tax as fiscal conditions permitted.

"As the surplus grew, he changed tack citing that most of the surplus would be committed to capital spending - which is complete rubbish.

"Now he fears over-stimulating the economy.

"The time is perfectly right now to cut taxes. Households are sick of being squeezed and Kiwis are sick of hearing Dr Cullen's excuses," said Mr Hide.

ENDS

© 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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news