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

 


National's tax policy would impoverish NZ

30 June 2005

National's borrow to cut tax policy would impoverish NZ

The Opposition's threat to increase government borrowings, in order to deliver significant income tax cuts to the rich, would seriously damage our economy, Progressive MP Matt Robson will say on a multi-party TVNZ Insight programme this evening.

"On Insight tonight I will outline how National and its allies' big borrowing policies would push up mortgage rates for every New Zealand family because everyone's borrowing costs go up when their government increases its overseas borrowings.

"A National-led government would deliver all of us higher interest rates that would not only make it more expensive to pay-off the mortgage, but would also make it much it harder to find a job because companies faced with higher borrowing costs are less likely to be able to afford taking on more workers," Matt Robson said.

The Progressive Party is very proud of the coalition government's Working For Families package which, when it is fully in place, will deliver very significant financial support to families most in need of tax relief and opposes any change to our progressive income tax system which is fair and working well.

The Progressive Party is campaigning in this election, however, for a cut to the headline company tax rate to match Australia's, a policy designed to propel further private sector investment in research and development and job-creation.

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