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


Cullen in ‘defiant squirming’ over tax cuts

Bill English MP
National Party Finance Spokesman

26 March 2008

Cullen in ‘defiant squirming’ over tax cuts

“Michael Cullen's defiant squirming over his failure to deliver personal tax cuts over eight years of plenty comes just before April 1, when his last promised tax cuts would have started - if he hadn't cancelled them.”

National Party Finance spokesman Bill English is commenting on a speech today by Michael Cullen in which he continued his now farcical defence of the over taxation which has taken place on his watch.

“The ‘chewing gum’ tax cuts were promised in the 2005 Budget to start on 1 April 2008. After Labour was re-elected, Helen Clark and Dr Cullen cancelled the only personal tax cut on offer in nine years of a growing economy.

“It turns out Labour was saving up taxpayers’ spare dollars to buy back the railways.

“Economic confidence has dropped sharply as households now face up to the costs of eight years of mismanaged growth.

“Just last year Labour sacrificed taxpayers and homeowners in a record spending Budget, booking up $3.7 billion against future Budgets.

“Dr Cullen knowingly increased his government’s spending ahead of forecasts, despite concerns about higher interest rates, the slow-down in productivity growth, and a persistent current account deficit.

“Sound economic management has gone out the window - Labour is committed to spending every dollar it has saved up to buy the votes of people who have been overtaxed to pay for it. Households under pressure will get the crumbs after Labour has had a feast.

“Labour forgets that the money doesn't fall out of the sky. New Zealanders are sick of running overdrafts to finance Labour’s election campaign.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On DHB Deficits And Free Trade

Currently the world is looking on aghast at the Trump administration’s plans to slash Obamacare, mainly in order to finance massive tax changes that will deliver most of their gains to the wealthy. Lives will be lost in the trade-off. Millions of Americans stand to lose access to the healthcare they need.

Spot the difference with New Zealand, where DHBs are under intense pressure to reduce deficits within a climate of chronic underfunding. More>>


Greens' Response: Slum-Like Rentals Exposed In Renting Review

“...The grim findings of the review are a wakeup call about the true state of rentals in this country. Too many renters are festering in slum-like conditions under the thumb of landlords who have largely unchecked powers and ignore tenants’ complaints when it suits them.” More>>


Gordon Campbell: On The Life And Times Of Peter Dunne

The unkind might talk of sinking ships, others could be more reminded of a loaded revolver left on the desk by his Cabinet colleagues as they closed the door behind them, now that the polls in Ohariu had confirmed he was no longer of much use to National. More>>


Gordon Campbell: On Labour’s Campaign Launch

One of the key motifs of Ardern’s speech was her repeated use of the phrase – “Now, what?” Cleverly, that looks like being Labour’s response to National’s ‘steady as it goes’ warning against not putting the economic ‘gains’ at risk. More>>


Lyndon Hood: Social Welfare, Explained

Speaking as someone who has seen better times and nowadays mostly operates by being really annoying and humiliating to deal with, I have some fellow feeling with the current system, so I’ll take this chance to set a few things straight.. More>>


Deregistered: Independent Board Decision On Family First

The Board considers that Family First has a purpose to promote its own particular views about marriage and the traditional family that cannot be determined to be for the public benefit in a way previously accepted as charitable... More>>


Transport Policies: Nats' New $10.5bn Roads Of National Significance

National is committing to the next generation of Roads of National Significance, National Party Transport Spokesperson Simon Bridges says. More>>





Featured InfoPages

Opening the Election