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


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>>


Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. 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