Parliament

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

 

Key’s triple deficit Budget

Key’s triple deficit Budget

John Key’s Government has chosen a Budget of fiscal, social and environmental deficits when smarter options were available, the Green Party said today.

“The Government is borrowing to pay for poor quality spending on tax cuts that heavily favour the wealthy, more motorways for more congestion, and subsidies for the worst climate polluters,” Green Party Co-Leader Dr Russel Norman said.

“There is a deficit of vision in this Budget.

“Instead of promoting an economy based on sustainable commodities and knowledge-intensive, high-tech, clean-tech industries, Mr Key has chosen to deliver economic growth at any cost. Even though we know this growth threatens New Zealand’s well-being and brand integrity.

“Our country can be more than just dirty extractive industries — cow faeces in our water and National Parks desecrated by mining. We can be more than a quick buck, more than what we can dig up, suck up and sell off,” Dr Norman said.

Dr Norman said the Budget could have reformed the New Zealand tax system with a comprehensive capital gains tax excluding the family home.

“A Capital Gains Tax is smart and you make it fair by excluding the family home.
It is part of the solution to our property crisis. It can broaden our tax base, and strengthen our economy.

“It would help make the dream of home ownership a reality for more Kiwis and it would feed much-needed capital to a starved productive sector,” Dr Norman said.

Dr Norman said that the Budget should have addressed inequality, as New Zealand is one of the most unequal countries in the OECD.

“Inequality costs everyone. It drives crime, illness, violence, and poor educational outcomes.

“Steps such as a $10,000 tax-free threshold and progressive power pricing that were included in the Green Party’s Mind the Gap plan were options John Key ignored.

“Instead he chose tax cuts that help the wealthy, subsides for polluters and cuts in social spending that entrench inequality,” Dr Norman said.

Link
Mind the Gap
http://www.greens.org.nz/mindthegap

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them.

Finally, yesterday’s announcement by the Ardern government that a new state agency will be set up to assess and plan the manned re-entry to the mine (on a set timetable) goes a long way to meeting the families’ remaining request: that they be enabled, if at all possible, to bury their loved ones. More>>

 

Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>

ALSO:

Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>

ALSO:

Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>

ALSO:

Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

Speaking Of Transport: Public Engagement On Wellington Scenarios

“Our work on possible solutions for Wellington’s transport future is ongoing, but has progressed to the stage where we’re ready to share our ideas with the public and seek their feedback to help guide our next steps...” More>>

ALSO:

Parental Leave: National's Time-Sharing Change Fails

National has proposed a change to the Parental Leave and Employment Protection Amendment Bill that would allow both parents to take paid parental leave at the same time, if that is what suits them best. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election