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

 


Budget ‘05: Gone before it arrives


Budget ‘05: Gone before it arrives

National Party Finance spokesman John Key says hard working Kiwis will still be losing money under the small, insulting changes to tax thresholds which Labour has put off for three years.

“The minute changes mean that by the time this tax tinkering taxes effect, hardworking Kiwis will have already paid for it - and then some.

“Take, someone on $40,000 a year. Michael Cullen’s tax fiddle will reduce their total tax by a mere $275 per year or $5.30 a week. But because the changes have been delayed for three years - the Government will have taken another $825 off them by the time they are implemented.

“They’ll be worse off!

“Throw in the carbon tax, which will cost every power consumer a minimum of $200 a year - National thinks it could rise as high as $400 a year - and Labour’s tax tinkering looks even more pathetic.

“It’s highway robbery. Middle New Zealanders are increasingly frustrated that Michael Cullen has opted to waste vast sums of money on poorly targeted spending programmes, rather than return some of it to taxpayers.

“It’s just as bad in the top tax bracket. Take someone on $70,000 a year. The tax fiddle amounts to $534 a year or $10.27 per week in 2008. But by then, Labour will have raided another $1602 from their pockets in tax before they get any relief.

“They’ve paid for it three times over. Only National can be trusted to deliver lower taxes, along with better incentives for hard work and enterprise,” says Mr Key.

Ends


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

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:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news