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.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced


Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election