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


Chewing gum tax cuts: will he or won’t he?

John Key MP
National Party Finance Spokesman
24 May 2006

Chewing gum tax cuts: will he or won’t he?

Michael Cullen needs to clear up whether the public will get their ‘chewing gum’ tax cut in 2008 or not, says National finance spokesman John Key.

Page 48 of the Budget 2006 Fiscal Strategy Report says: ‘In practice, taxes will tend to grow somewhat faster than GDP as the growth in personal incomes pushes individuals into higher tax brackets. Our decision to inflation-index personal income tax rates reduces this effect…’

“Dr Cullen should stop playing so fast and loose with the facts. Either he stands by his Budget 2005 announcement and his confirmation in Budget 2006 that indexation will take place, or he doesn’t.

“When he axed the carbon tax, he threw cold water on the plan to index personal tax thresholds to inflation.

“But the Budget is an official document signed by Michael Cullen. The Budget is not ambiguous. It states clearly that the decision has been taken to introduce the indexation.

“New Zealanders should be rightfully concerned about his inability to clarify this simple point.

“If that’s not to be believed, then what other parts of his Budget are not to be believed?

”Michael Cullen’s other gem from today’s question time is that the tax cuts he hinted at in his post-Budget media interviews were in relation to business tax, not personal tax.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Principals' Federation: End Of National Standards

Today the Minister of Education announced that the Government has stopped the controversial National Standards system of assessment and declared them an arbitrary measure which did not raise children's achievement as the previous Government intended.

"This is such a win for all the principals who never believed in national standards and who, for the past decade, have argued for what is morally right for our nation's young people and their learning," said Cormick. More>>


RBNZ To RNZB: PM's Press Conference

Prime Minister Jacinda Adern was joined by Minister of Finance Grant Robertson and Minister for Children Tracey Martin to announce the appointment of Adrian Orr as the new Governor of the Reserve Bank and the name change of the Ministry for Vulnerable Children to ‘Oranga Tamariki - Ministry for Children’. More>>


'Taming Globalised Capital': Why Is Labour Supporting Investment Rules In WTO?

‘Today, we learned the new government has added New Zealand’s name to a proposal designed to lead to foreign investment rules in the WTO at this week’s ministerial meeting in Argentina,’ said Auckland University Professor Jane Kelsey. More>>


Gordon Campbell: On The Politics Of Scaring Voters Back Into Line

Fear has always been a useful mobilising tool in politics… yet in 2017, bogeymen of all shapes and sizes seem to have fallen on hard times. For years, the National party had painted itself as being the only reliable defensive bastion against the terrifying prospect of a centre-left government… More>>


Gordon Campbell: On Drinking Water As A Failure Of Political Leadership

It is almost possible to feel sorry for the Health Ministry in their terrible, no good, very bad week... More>>


Gordon Campbell: On Saying ‘Work For The Dole,’ Nicely

As New Zealand First learned the hard way from its two previous periods in government, small parties in MMP coalitions get blamed for the unpopular stuff done by their senior partner in power, but no one remembers the good stuff the junior player brought to the table... More>>





Featured InfoPages