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


Cullen continues contortions on tax

Bill English MP
National Party Finance Spokesman

8 November 2007

Cullen continues contortions on tax

Just last year Finance Minister was threatening to 'quietly drown' MPs promising tax cuts off the back of New Zealand's strong surpluses, says National Party Finance spokesman Bill English.

"I wonder if he passed on that insight to the Prime Minister before she tried to claim that Labour's so-called conversion to tax cuts was because the surpluses were structural rather than cyclical.

"Dr Cullen has stated categorically that in his view there is no connection between tax cuts and surpluses. As far back as 2000 he was receiving advice telling him the surpluses were structural. He even told his own colleagues that.

"Now, he is trying to claim that he's been a secret supporter of tax cuts the whole time. It's absolute bunkem and everyone knows it."

The Budget Policy Statement, signed by him on 8 December 2000 reads: 'projected operating surpluses are structural, not just cyclical'.

The 'Beehive Bulletin', dated 6 April 2001, states 'Finance Minister Michael Cullen says the Crown Statements ... show the Government is easily meeting all of its fiscal targets and is running a structural surplus', while a copy of his Budget speech from 2001 that said: 'Because revenues are trending above spending, the structural surplus is rising'.

And just last year when the operating surplus was $11.5 billion, he said 'anybody who thinks there are large fiscal surpluses to be spent now by means of large tax reductions should be taken out and quietly drowned'.

Mr English says Dr Cullen has zero credibility on tax cuts and he will never be wholeheartedly behind them.

"The only personal tax cuts Dr Cullen has promised were cancelled because New Zealanders were not grateful enough for them. How grateful will New Zealanders have to be about getting more control over their own money before an over-taxing Labour Government actually delivers?"


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Election Day Results

National won 46% of the vote with Labour on 35.8%. NZ First won 7.5%, with the Greens on 5.8%. ACT held on to Epsom, but failed to get more MPs. The Maori Party were wiped out of Parliament.

There are still special votes to be counted, but clearly National is in the box seat to form the next Government.

The Greens can not contemplate a deal with National. So, Winston Peters will have to make a choice and could back National or a combined Labour/Green coalition. Full preliminary results >>


Lyndon Hood: Election Lists

While the ship of state is listing, so I thought I would make some lists as well. More>>


Targetting: ACC’s Computer-Aided Decision-Making Questioned

University of Otago researchers are warning of the potential pitfalls in government departments using computer-based risk prediction models, as has been recently revealed through a controversial new tool used by the ACC... More>>


From The Hood: The Campaign Strategist’s Lament

"This election is a chance to really work the record of what nine years of National-led government has done to improve the country for everyone. Or will do. Another three years, maybe six. Thirty-three years, tops. You don’t want to risk that, do you? More>>

PSA Report: National Gets An ‘F’ For Health Funding

"Seeing National’s record on health collected in one place is quite sobering - it’s clear that underfunding is having dire consequences on both patients and staff, who are having to do more than ever with less," says Glenn Barclay, PSA national secretary. More>>


Children With Disabilities: Education Crisis Unaddressed

In 2008 IHC lodged its complaint against the on-going failure of New Zealand Governments and the Ministry of Education to ensure that disabled children access a quality education on an equal basis to others in New Zealand schools. More>>

Gordon Campbell: Ten Reasons For Not Voting National

if anyone you know is thinking of voting National in Saturday’s election, there’s still time for an intervention. You owe it to your friends and relations to intercede. Because there’s plenty of evidence on National’s mediocre-to-awful track record over its nine years in power. We can’t afford another three years of drift. More>>


Suffrage Day: PSA National Secretaries Vote For Equal Pay

PSA national secretaries Erin Polaczuk and Glenn Barclay are advance voting for the 2017 election alongside their daughters, with equal pay and fairness in mind on the 124th anniversary of women’s suffrage in New Zealand. More>>


Charge Protests: Dairy Farms Use Same Amount Of Water As 60 Million People

Using Dairy NZ numbers, economist Peter Fraser and agricultural consultant Dr Alison Dewes calculate the water consumption of New Zealand dairy farms is equivalent to the residential use of 60 million people. More>>





Featured InfoPages

Opening the Election