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


Nat MP concedes their R&D policy not good

Hon Jim Anderton

Progressive Party leader

31 October 2008 Media Statement

Nat MP concedes their R&D policy not good

National MPs are jumping ship on their own party's policies because it is a bad idea to increase business tax right now, and especially to increase them on the most innovative companies in the country, Progressive leader Jim Anderton says.

Little-known Hamilton East National MP David Bennett this week said in the Waikato Times "I don't think that our (R&D) policy is as good as it could be."
[Waikato Times Farming section, page 12, Tuesday, 12 October 2008].

Mr Bennett said National would wind up the $2 billion public-private Fast Forward innovation fund and instead set up an international centre of excellence on greenhouse gas research.

This centre already exists, funded by Government and industry, Jim Anderton said, another example of National trying to re-invent the wheel.

"Rather than financing the fast Forward Fund with overseas debt, National would use the superannuation fund to pay for an upgrade in infrastructure," Mr Bennett confusingly remarked. He claims "offshore debt" is being used for Fast Forward, which is "just sending money overseas."

Jim Anderton says National's industry development plans are in chaos.

"Saying Fast Forward sends money overseas doesn't make any sense at all. The government is not borrowing for Fast Forward. The money is in a bank account, able to be drawn down now for partnerships with industry for science and research that increase New Zealand's innovation.

"Even National's own MPs can't defend the unwise and short-sighted National party policy to cut Fast Forward and increase tax on innovation."

National intends to cut the 15% r&d tax credits, which will increase tax paid by the most innovative businesses in the country by more than business tax has ever been increased in New Zealand.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Another Leader Exiting: Statement From Peter Dunne

I have concluded, based on recent polling, and other soundings I have been taking over the last few weeks, that, the volatility and uncertainty notwithstanding, there is now a mood amongst Ōhāriu voters for a change of MP, which is unlikely to alter...

“I have therefore decided that it is time for me to stand aside, so the people of Ōhāriu can elect a new electorate MP. 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>>


Shiny And Chrome: 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>>


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>>





Featured InfoPages

Opening the Election