Parliament

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

 

Money-go-round Budget fails to deliver

John Key MP
National Party Leader

17 May 2007

Money-go-round Budget fails to deliver

Taxpayers are worse off after the minority Labour Government’s Budget today failed to deliver tax relief for average Kiwi families facing ever higher mortgage rates and cost of living, says National Party Leader John Key.

“Perhaps the biggest hoax perpetrated in this Budget was on businesses, which on the one hand get tax cuts but on the other are forced to match their employees’ Kiwisaver contributions in a cruel money-go-round.

“This is a minority Budget because the majority of New Zealanders want personal tax cuts. Helen Clark and Michael Cullen have failed the credibility test – yet again – and failed to deliver.

“In fact, Aucklanders gets a tax increase through regional petrol taxes. Adding insult to injury, Labour has also axed the paltry ‘chewing gum’ tax threshold changes due next year.

“Not only that, but workers in Kiwisaver will have to forgo any wage increases for four years while employer compulsory contributions to the scheme progressively rise.


“Labour has failed since 1999 to deliver any return to hard-working Kiwis, nor has it offered any incentives to get ahead under their own steam.

“Instead, Labour has squandered the huge surpluses built up during the golden weather by building up bureaucratic and complex schemes that attach a raft of conditions to every cent given back to Kiwis.

“The inconvenient truth about Labour’s economic management has been laid bare in this Budget.

“Helen Clark said in 1999 that Labour would take New Zealand up the OECD ladder – but we have fallen behind the rest of the developed world.

“We compete with places like Portugal and the Czech Republic - not the US or Australia.

“Labour Budgets like this will do little to address that slow decline.”


ENDS

© 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


Reaction

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>>

ALSO:


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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election