Parliament

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

 

National spooked by four tests for tax cuts

21 November 2007

National spooked by four tests for tax cuts

National Party Finance Spokesman Bill English knows that he will not be able to pass the government’s four tests for personal tax cuts and simultaneously promise larger cuts than will be included in Budget 2008, Finance Minister Michael Cullen said today.

“Bill English hasn’t argued against my tests for personal tax cuts, but he is clearly spooked by them,” Michael Cullen said.

“Following repeated questioning in the House on the tests over recent weeks, he today dedicated his Party’s entire line of questioning at the Finance and Expenditure Committee to trying to undermine the tests on borrowing and service cuts.

“He is so distracted by the tests that he abandoned questioning on the size of the government’s cash surplus, Treasury forecasts, scope for tax cuts, or any other issue of genuine public interest.

“Even I’m not as excited by my tests as Bill English seems to be.

“The only substantive point to take away from today’s questioning is that National plans to be the champion of increased debt heading into the election. They are desperate to borrow more and the sole area they are keen to outspend the government on is tax cuts.

“If that isn’t borrowing for tax cuts, I don’t know what is.”

Dr Cullen has previously announced that he has set himself four tests for the design of the Labour-led government’s 2008 personal tax cuts.

- There will be no borrowing to pay for them
- There will be no cuts to services to pay for them
- They will not exacerbate inflationary pressures
- They will not lead to increased inequality in our society

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

 

Negotiations: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word.. More>>

ALSO:

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:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election