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


Tax cuts – a start at long last

Media statement
Embargoed until after Budget reading
Thursday, 22 May 2008

Tax cuts – a start at long last

UnitedFuture leader Peter Dunne says the tax cuts announced in today’s Budget are long overdue.

“They have been inevitable since the UnitedFuture-led Business Tax Review introduced the first business tax cut in 20 years in last year’s Budget.

“Today’s moves are a step in the right direction, but they are not the full answer.

“These are Labour’s tax cuts, designed with a clear eye to Labour’s constituency,” he says.

Mr Dunne says that while it will support today’s moves (“any tax cuts are better than nothing”) UnitedFuture wanted a more fundamental overhaul of the tax system than just tinkering.

“There is still the unfinished business of the differing top personal tax rate, the business tax rate and the trust rate which last year’s Budget went part way towards addressing but which this year’s Budget makes no further progress upon.

“Our tax policy, to be announced shortly, will address these issues.

“We regard today’s tax cuts as just the platform for the future changes we would like to make, rather than an end in themselves,” he says.

Mr Dunne said the real question in many New Zealanders’ minds after today’s changes will be what impact they will have on likely sharp increases in the cost of living if the Emissions Trading Scheme is introduced.

“Today’s tax cuts are a dividend to hard working families for the economic good times.

“There will be justifiable outrage and anger if the Government decides to treat these cuts as effectively a down payment on increases in the cost of living brought on by the Emissions Trading Scheme.

“Households will need separate compensation for those increases, if today’s tax cuts are to have any meaning in the future.

“Otherwise, they will exact a justifiable vengeance on any Government seen to be giving grudgingly with one hand, while preparing to grab back eagerly with the other,” he says.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Back Again: Government Approves TPP11 Mandate

The Government has approved a negotiating mandate for Trans-Pacific Partnership 11 (TPP11), which will ensure New Zealand businesses remain competitive in overseas markets.

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>




Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>


Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>


Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>


Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>


Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>


(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>






Featured InfoPages

Opening the Election