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

 


More taxes equals a slower economy & fewer jobs

More taxes equals a slower economy & fewer jobs

The Greens/Labour recipe of more and higher taxes would stall New Zealand's economic recovery just when we are getting back on our feet after the Global Financial Crisis, National’s Associate Finance spokesman Steven Joyce says.

"The Greens have proposed a 40 per cent top tax rate that would affect many hard-working New Zealanders, including school principals, doctors, and many small business owners," Mr Joyce says.

"We've been here before. A 40 per cent tax rate is damaging to the economy because it increases tax avoidance, penalises hard work, and sends some of our best and brightest offshore.

"And it is of course just another in a long list of new taxes Labour and the Greens want to introduce including a capital gains tax, a big carbon tax, taxes on water use, higher personal taxes, and regional fuel taxes.

"Just when the New Zealand economy is heading in the right direction and we are growing the largest number of new jobs in a decade, the Greens want to go back to the old tax and spend approach that clearly didn't work in the lead up to the GFC.

“Back then, our best and brightest were flooding out the door for better opportunities in Australia. Now migration out to Australia has stopped.

“Back then, welfare rolls were already growing because of our domestic recession. Now 1600 people a week are moving off welfare and into work because of our growing economy.

"Back then, government spending had jumped by 50 per cent in just five years, pushing floating mortgage rates close to 11 per cent and leaving us with forecasts of budget deficits and soaring debt into the future."

Mr Joyce says the economic recipe that's working includes lower, not higher, taxes and a government that is relentlessly focussed on growing jobs and getting people off welfare support and into meaningful work.

"National's economic plan is working for New Zealand. We have just become one of the fastest growing economies in the OECD. Keeping with the plan is the best way of helping people the opportunity to get off welfare and into work. We should not go back to the failed recipes of the past," Mr Joyce says.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news