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Tax Cuts? Must Be Election Year - Rodney Hide

Tax Cuts? Must Be Election Year - Rodney Hide


ACT Leader Rodney Hide today said that it was heartening to see that the upcoming election has helped Finance Minister Dr Michael Cullen to overcome his ideological opposition to tax cuts and enabled him to actually begin talking about them.

"This is great news for New Zealanders because - especially given that, in the nine years it has had to cut taxes, Labour has done nothing but put them up," Mr Hide said.

"The first tax that Dr Cullen should cut is the 39 percent tax rate - an increase that was never necessary to begin with. The fact is that this envy tax serves no purpose, raises money the Government doesn't need and simply serves to punish people trying to get ahead for being successful.

The only real way to get tax cuts is to bring Government spending under control. To date, ACT - with its Taxpayer Rights Bill - is the only Party in Parliament with an actual plan for holding Government spending," Mr Hide said.

ENDS

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