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


John Key’s tax swindle

John Key’s tax swindle

John Key’s Government today delivered a tax swindle Budget and a Budget of broken promises, Labour Leader Phil Goff said today.

“The real winners in John Key’s Budget are the very highest earners because most New Zealanders’ tax cuts will be wiped out by inflation before they even get to the check out – and this is based on the government’s own numbers,” Phil Goff said.

“Inflation of nearly 6 per cent will destroy most of the tax cuts and Kiwis won’t be compensated for the GST rise.

“To fund this National has massively increased borrowing for these tax cuts.

“The Government will have to borrow an extra $1 billion over the next three years. It seems John Key has called on the pixies at the bottom of his garden to pay for his tax cut package.

“Today the National led Government had the opportunity to deliver a Budget that was fair to all New Zealanders. A Budget for the many not the few. But they didn’t,” Phil Goff said.

“John Key called his increase in GST and tax cut package a ‘tax switch’, but for middle and low income earners it’s a tax swindle.

“Today, National had the chance to produce a Budget that invested in the future. A Budget that promoted a modern, smart economy with better jobs and higher wages. They didn’t.

“National has no idea how to create jobs and the future we need. They have increased tax on everything Kiwis buy and have added a raft of other taxes. This won’t help close the gap with Australia.

“That’s not a plan for growth. It is a short term plan that is designed to take money from the many and give it to the few.

“This Budget of broken promises, borrow and hope and rampaging inflation also contains service cuts which will hit families hard.

“A huge cut to early childhood education funding means parents with young children will have to find extra each week, and the $1.2 billion hole in health spending over four years will hit the elderly and the sick hard,” Phil Goff said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced


Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election