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


Memo to Cullen: Tax Cuts drop prices

Memo to Cullen: Tax Cuts drop prices

Rodney Hide Monday, 30 May 2005

- Taxation

Finance Minister Michael Cullen is falsely using the bogeyman of higher interest rates to scare people off from voting to keep more of their own money, ACT Leader Rodney Hide said today.

“Michael Cullen needs a little bit of Economics 101: tax cuts lower prices, including interest rates.

“What Kiwis have under Cullen is slow growth, high interest rates and no tax cuts.

“The recent OECD report points out the culprit: ‘Demand also continues to be boosted by a vigorous expansion in government consumption’.

“It also recommends the solution: ‘Increased business investment will help ease capacity constraints and pave the way for higher productivity growth and increasing real wages.’

“The way to have more investment is to cut taxes. Lower taxes will boost incomes and lower all prices including interest rates.

“It’s Michael Cullen’s big spending, high taxing economic policy that is driving up interest rates.

“The spending decisions made around the kitchen table and the dining table are far better than those made around the cabinet table. Kiwis deserve big and substantial tax cuts and they deserve them now,” said Rodney Hide.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Ministerial Inquiry: Broad Look At Mental Health And Addiction Services

The Government has taken a major step towards improving mental health and addiction services with Prime Minister Jacinda Ardern announcing details of a ministerial inquiry.

The Inquiry into Mental Health and Addiction will be chaired by former Health and Disability Commissioner, Professor Ron Paterson, and will report back to the Government by the end of October. More>>


Wealth: Two NZers Own More Than Poorest 30%

A staggering 28 per cent of all wealth created in New Zealand in 2017 went to the richest 1 per cent of Kiwis, while the 1.4 million people who make up the poorest 30 per cent of the population got barely 1 per cent, according to new research released by Oxfam. More>>


Employment: Joint Working Group On Pay Equity Principles Reconvened

Minister for Workplace Relations and Safety, Iain Lees-Galloway, and Minister for Women, Julie Anne Genter, are reconvening the Joint Working Group on Pay Equity Principles as the next step in pay equity for New Zealand women. More>>


Hapū: Prime Minister And Clarke Gayford Expecting First Child

Prime Minister Jacinda Ardern and her partner, Clarke Gayford, have announced that they are expecting their first child in June. “We’re both really happy. We wanted a family but weren’t sure it would happen for us, which has made this news unexpected but exciting." More>>


Gordon Campbell: on the inquiry into the abuse of children in care

Apparently, PM Jacinda Ardern has chosen to exclude faith-based institutions from the government’s promised inquiry into the abuse of children in state care. Any role for religious institutions – eg the Catholic Church – would be only to observe and to learn from any revelations that arise from the inquiry’s self-limiting focus on state-run institutions… More >>

Gordon Campbell: On Jim Anderton
For anyone born after 1975, it is hard to grasp just how important a figure Jim Anderton was, for an entire generation.
During the mid to late 1980s, Anderton was the only significant public figure of resistance to the Labour government’s headlong embrace of Thatcherism...More>>


Gong Time: New Year's Honours List

Jacinda Ardern today congratulated the 179 New Zealanders named on the 2018 New Year’s Honours List. “Although this list was compiled and completed by the last government, it is a pleasure to welcome in the New Year by recognising exceptional New Zealanders,” Jacinda Ardern said. More
Full list

Roads: National launches bid to save highway projects

The National Party has launched a series of petitions aimed at saving regional highway projects at risk because of the Government’s obsession with Auckland trams…More>>





Featured InfoPages