Parliament

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

 

National’s numbers don’t add up

26 July 2005

National’s numbers don’t add up

Finance Minister Michael Cullen says National is sinking slowly but surely into trouble of its own making over tax cuts.

“They are still slithering all over the place on timing. First they were going to release their tax policy once the election date was announced. That went out the window and was replaced with a promise simply to name the date of their announcement once the election date was known.

“Now that promise has been broken too and voters are told that they will not known the final details of National’s tax policy until four weeks before polling day.

“But National is in even bigger trouble on a second, more important front. John Key has claimed National’s tax policy will cost about $1 billion “maximum” a year.

“Yet Don Brash has already announced proposals costing well in excess of that amount. So far National has promised administratively complex tax rebates for child care [$160 million a year] and interest on student loans [$70 million.]

“Last night, Dr Brash confirmed the package also includes cutting the corporate rate to 30 cents [$615 million a year] and abolishing the carbon charge [$320 million.]

“That makes a grand total of $1.165 billion – already over Key’s cost estimate, and they haven’t even got to the much more expensive business of raising thresholds and cutting tax scales.

“National’s policies don’t add up, as more experienced hands, like Bill English, are saying to anyone who will listen.

“The service cuts to pay for all this will have to be massive. Dr Brash’s weasel words about increasing spending are meaningless. Health alone needs to increase by around $515 million a year just to maintain services.

“National cannot afford to meet the cost of maintaining services and spend big on tax cuts. Even then they cannot possibly meet the expectations they have created.

“The inexperience is starting to show,” Dr Cullen said.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Supreme Court: Worksafe Decision On Whittall Pike River Prosecution Unlawful

The question in issue on the appeal was whether WorkSafe New Zealand acted to give effect to an unlawful agreement of this nature when it offered no evidence on charges against Peter William Whittall for breaches of the Health and Safety in Employment Act 1992...

The Supreme Court... has found that the decision to offer no evidence was made under an unlawful agreement to stifle prosecution. It has granted a declaration to that effect. More>>

 

Cullen To Chair: Tax Working Group Terms Of Reference Announced

Finance Minister Grant Robertson and Revenue Minister Stuart Nash today announced the Terms of Reference for the Tax Working Group and that the Group will be chaired by Sir Michael Cullen. More>>

ALSO:

Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them. More>>

ALSO:

Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>

ALSO:

Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>

ALSO:

Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>

ALSO:

Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election