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


National's tax cuts with strings attached

National's tax cuts with strings attached

Rodney Hide
Wednesday, 6 July 2005
Press Releases - Taxation

ACT Leader Rodney Hide today said that National’s childcare tax rebate policy was a backward step for New Zealand.

“What New Zealand needs is comprehensive tax cuts without strings attached, so hardworking Kiwis can make up their own minds how they spend their money without having National or Labour telling them how to do it,” Mr Hide said.

“National’s policy is a total abandonment by the party of any principle of sound tax design and the philosophy that hardworking Kiwis should keep more of the money they earn with no strings attached.

“The trouble with National’s policy is that it complicates New Zealand’s tax system. It only lets you keep more of your money if you send your children to daycare, and it discriminates against mothers who stay at home and look after their children.

“The best policy for parents is ACT’s tax policy of dropping the top tax rate to 25c in the dollar and extending the 15c rate up to $38,000. That will allow parents to afford childcare if that is their choice, or to spend their money looking after their children as best they see fit.

“Previous governments have worked hard to simplify and flatten taxes by eliminating tax rebates. Now National wants to return to them. What’s next? Tax rebates for paying off student loans or saving for retirement.

“Don Brash knows that the best tax policy is flatter taxes with no tax rebates, so Kiwis get to keep more of their own money and get to choose how to spend it as best they see fit. He's having to compromise his policy principles before he’s even got into office.

“Even Michael Cullen realises that tax rebates are a dopey idea. It’s clear that National, even with Don Brash, needs ACT to keep its policies on track,” Mr Hide said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>


Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. 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