Parliament

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

 

Tax cut cocktail would leave dreadful hang-over

23 August 2005

Hon Jim Anderton MP, Progressive Leader

Nats' tax cut cocktail would leave dreadful hang-over

National's Champagne and Chocolates Manifesto, offering very large tax cuts for the selected few earning the highest incomes, would deliver a very long and painful hang-over which would be shared by all New Zealanders, Progressive leader Jim Anderton said today as he addressed Rotary on the state of economy.

"As I read through National's massive, overseas debt-financed tax cuts for the rich policy last night, my blood began to boil.

"How dare the National Party threaten all of our futures with their reckless overseas borrowing programme?

"For six long, hard years the coalition government has worked patiently and diligently with businesses, industry and regions to build a solid framework for economic development. This is now paying dividends in terms of spectacular job growth and is beginning to lift incomes.

"National's proposal involves putting out the begging bowl in foreign capital markets the way Muldoon did. They borrow overseas in order to fund unsustainable income tax cuts that mainly boost consumption and overseas travel for the most affluent. That policy would trash New Zealand's regional economies and our society overnight," Jim Anderton said.

"The cynicism of National knows no bounds.

"They propose to delay into the Never Never Land the only useful part of their policy, that is tax cuts for job-creating companies. At the same time their massive, overseas debt-financed tax cuts for the richest amongst us would mean interest rates for small businesses and anyone with a home mortgage, would go up," the Progressive leader said.

"I have to wonder if foreign airlines and European car makers are major sponsors of National this election year.

"National's destructive tax cuts for the rich would hurt New Zealand, but help foreign holiday providers, and European car makers, as they pitch for the surplus cash flowing down Remuera Rd and Fendalton Rd looking for a home," Jim Anderton said.

ENDS

Full speech notes available on: www.progressive.org.nz

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Veronika Meduna: The Kaikoura Rebuild

A Scoop Foundation Investigation

Friday will be a big day for people north of Kaikōura – and for hundreds of construction workers who are racing to reopen State Highway 1 in time for the holiday season.

By the afternoon, the South Island’s main transport corridor will be open to traffic again, more than a year after a magnitude 7.8 earthquake mangled bridges and tunnels, twisted rail tracks and buried sections of the road under massive landslides. More>>

 

BPS HYEFU WYSIWYG: Labour's Budget Plans, Families Package

“Today we are announcing the full details of the Government’s Families Package. This is paid for by rejecting National’s tax cuts and instead targeting spending at those who need it most. It will lift 88,000 children out of poverty by 2021." More>>

ALSO:

Gordon Campbell: On Defence Spending, Alabama, And Dolly Parton

The spending lavished on Defence projects to meet the risks that could maybe, possibly, theoretically face New Zealand in future is breath-taking, given how successive governments have been reluctant to spend even a fraction of those amounts on the nation’s actual social needs. More>>

ALSO:

Members' Bills: End Of Life Choice Bill Passes First Reading

The End of Life Choice Bill in the name of David Seymour has been sent to a select committee for consideration by 76 votes to 44. It is the third time Parliament has voted on the issue in recent decades and the first time such a Bill has made it over the first hurdle. More>>

ALSO:

State Sector: MPI Survives Defrag Of Portfolios

The Ministry for Primary Industries will not be split under the new government, but will instead serve as an overarching body for four portfolio-based entities focused on fisheries, forestry, biosecurity and food safety. More>>

ALSO:

Gordon Campbell: On Vulnerable Kids, RNZ Funding, And Poppy

The decision to remove the word ‘vulnerable’ from the Ministry for Vulnerable Children could well mark a whole shift in approach to the care of children in need... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages