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


Copeland puts case for tax cuts

Wednesday, 22 June 2005

Copeland puts case for tax cuts

It is vitally important that New Zealanders are provided with accurate and clear information before the election about the affordability of tax cuts, United Future finance spokesman Gordon Copeland said today in Parliament's General Debate.

With that in mind, he advocated the following:

1. Immediate tax cuts are eminently affordable without reducing expenditure by as much as one cent on superannuation, education, health, police, defence, etc.

2. That is because this expenditure is deducted from the government's tax and other revenue before the surplus is calculated.

3. The amount of the surplus over the three year period 2005-2007 will be around $17.9 billion, but after setting money aside for the Super Fund that will be reduced to $10.7 billion.

4. By contrast, the cost of the tax reductions proposed by United Future will cost just $2.5 billion over that time.

5. Dr Cullen claims that can't be done because it will leave insufficient cash for capital expenditure such as roads, hospitals, defence equipment etc.

6. However that is only true because he chooses to fund all capital expenditure from the surplus year by year.

7. In fact, that is not necessary and there are a myriad ways in which capital expenditure can be funded, private/public partnerships and borrowing being just two of them.

8. These alternative ways of funding are conventional, as will be understood by most New Zealanders.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Scoop 3.0: How You Can Help Scoop’s Evolution

Entering into its third decade of operation, the Scoop news ecosystem is set to undergo another phase of transformation and evolution.

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>


Speaking Of Transport: Public Engagement On Wellington Scenarios

“Our work on possible solutions for Wellington’s transport future is ongoing, but has progressed to the stage where we’re ready to share our ideas with the public and seek their feedback to help guide our next steps...” More>>


Parental Leave: National's Time-Sharing Change Fails

National has proposed a change to the Parental Leave and Employment Protection Amendment Bill that would allow both parents to take paid parental leave at the same time, if that is what suits them best. More>>


Train Free Thursday: Workers Strike To Defend Terms Of Employment

"They signed up to these conditions a year ago when they got the contract for Wellington's rail services. Now they're trying to increase profits by squeezing frontline workers." More>>


Seclusion: Ombudsman Emphasises Importance Of Monitoring

Disability Rights Commissioner Paula Tesoriero says that while there have been changes to the Education (Update) Amendment Act 2017 to prohibit the use of seclusion, the report is an important reminder of the importance of regular monitoring of schools. More>>


United Future History: "All Good Things Must End"

'We’re extremely proud of what we’ve achieved over the past 15 years, working alongside the government of the day, both National and Labour.' Mr Light told members on Monday. More>>

Gordon Campbell: On The TPP Outcome, And The Hobbit Law

Somehow the Trans Pacific Partnership trade deal has come lurching back from the dead – and as predicted in this column last week, the member countries gathered in Vietnam have announced a deal in broad principle, shunted aside until a later date the stuff on which they don’t agree, and declared victory. More>>

Agreeing To Differ: Greens Maintain Opposition To TPPA
“The Green Party has long opposed the TPPA. The new proposed deal, which came out of the weekend’s talks, still contains key ISDS concessions to corporations that put our democracy at risk, so our position remains the same,” said Green Party trade spokesperson Golriz Ghahraman. More>>


Monitoring Report: A New Chapter For Children’s Rights In New Zealand?

The Children’s Commissioner is calling on the country to embrace children’s rights to ensure their overall well-being. More>>





Featured InfoPages

Opening the Election