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

 

Two Years With New Methods: Crime Stats Show Increase Led By Burglary

The two years of data show an increase in the total victimisation rate of 3.1 per cent, with 12,060 more victimisations in the 2015/16 year when compared to 2014/15 year. From this increase, 72 per cent is attributable to burglaries. More>>

ALSO:

Auckland Relocation Grants: 12 Grants Paid So Far

Since the policy took effect one month ago, 12 applicants have received the non-recoverable grant, supporting 32 people. $54,508 has been paid out, covering things like moving costs, bond, rent in advance and letting fees. More>>

ALSO:

Vaccine Funding Change: HPV Vaccines For All Children

PHARMAC has today announced changes to funded vaccines, which will benefit an extra 100,000 people... The human papillomavirus (HPV) vaccine will be available for all children and adults up to the age of 26 years, and boys will now be included in the HPV school vaccination programme. More>>

ALSO:

Gordon Campbell: On Why The Opinion Polls For Key And Trump Defy Gravity

What is going on? Donald Trump got confirmed as the Republican presidential candidate at a bizarrely chaotic political convention… and promptly received an upwards bump in the polls to where he’s now rating ahead of Hillary Clinton, for only the second time this year. More>>

Sugar: Auckland Leisure Centres Axe Unhealthy Drinks

Auckland Council is to stop selling drinks that are sweetened by sugar from vending machines at its leisure centres in a bid to try to reduce obesity and type 2 diabetes... More>>

ALSO:

Gordon Campbell: On Todd McClay’s Faulty Memory

Time and again, whenever an issue arises the initial response by government is to deny or diminish the problem – nothing to worry about here, everything’s OK, move on. Then, hang on. In line with the usual pattern, as embarrassing details emerged into daylight, the story changed. More>>

ALSO:

Labour's 'Future Of Work': Major Reform Of Careers And Apprenticeships

The next Labour Government will transform careers advice in high schools to ensure every student has a personalised career plan, Leader of the Opposition Andrew Little says. More>>

ALSO:

State Investments Management: Treasury Likes IRD, Not Education Or Corrections

The Inland Revenue Department has scored an 'A' in the first tranche of the Treasury's investor confidence rating for state agencies that manage significant Crown investments and assets, gaining greater autonomy as a result, while the Corrections and Education ministries gained a 'C' rating. More>>

ALSO:

Govt Goal: NZ To Be "Predator Free" By 2050

Prime Minister John Key has today announced the Government has adopted the goal of New Zealand becoming Predator Free by 2050... “That’s why we have adopted this goal. Our ambition is that by 2050 every single part of New Zealand will be completely free of rats, stoats and possums." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news