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


The Good, The Bad And Something Better

Media Release

22 May 2008

The Good, The Bad And Something Better

Budget 2008 contains some good elements, a few bad omissions and the promise of something better from New Zealand First, says Rt Hon Winston Peters.

“Moving tax thresholds in October this year will provide some relief for working families and New Zealand First will support these initiatives.

“However, much of the good in this budget is found in the fine print and flows on from New Zealand First’s confidence and supply agreement with the government,” said Mr Peters.

New Zealand First gains include:

• Free off peak travel for SuperGold Card holders on public transport
• Subsidies for hearing aids for SuperGold Card holders
• Advantageous tax effects for those receiving New Zealand Superannuation
• Increased funding for Maori wardens
• Ongoing funding boost for the eldercare sector
• A significant injection into the shipping industry
• A lift for premier racing stakes

On the down side, Mr Peters said that he was disappointed the budget did not include tax policies to promote export growth and keep industries in New Zealand.

There was also insufficient money for physiotherapists as called for in the ACC review, or adequate money to address the issue surrounding the portability of overseas pensions.

“Most importantly what was missing was a policy programme which will address the issues of affordability and the rapidly rising prices of household basics.

“New Zealand First wants to see a tax free threshold of $5,200 introduced – a tax cut that everybody benefits from. We also want to see GST reduced to 10% across the board.

“These two steps, in conjunction with raising superannuation to 68% of the net average wage for married couples, will ensure that all New Zealanders benefit and vulnerable seniors are not left behind.

“New Zealand First will support this budget but we are going forward with a real alternative of tax relief and greater affordability in Budget 2009,” concluded Mr Peters.


© 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