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

 


National’s tax cuts mean health, education cuts

National’s tax cuts mean health, education cuts

John Key is again dangling tax cuts in front of voters, but such cuts will come at the cost of cuts to health, education and environmental protection, the Green Party said today.

“Independent analysis of the Government's books, commissioned by the Green Party, revealed National is already planning to cut $3.8 billion over the next three years in real spending in health, education and environmental protection,” Green Partly Co-leader Dr Russel Norman said.

“It is these real cuts in health, education and the environment that underpin the annual $1.5 billion operating allowance for new spending that National has built into the Budget.

“Now it would seem that National plans to spend the operating allowance on tax cuts.

“Hence, any tax cut promises by National are funded by the real cuts in health, education and environmental protection that created the operating allowance.

“We have already had one round of irresponsible tax cuts from National in 2010 when New Zealand was still in the grip of the worst recession since the Great Depression shortly after which National reported a budget deficit of $18.4 billion – far and away the largest in the country’s history.

“Net Government debt was $12.8 billion when National came to office in 2008 and that debt is forecast to swell to $67.9 billion by June 30, 2018. That’s an extra $11,375 for every New Zealander.

“Where is the money to enact these new tax cuts Mr Key? Show us the money.

“Independent economic consultants BERL, commissioned by the Green Party to analyse, National’s budget found that a high proportion of the $1.5 billion annual operation allowance for new spending initiatives identified for the next three years will be consumed to just maintain core Government spending in health, education and the environment at current levels, let along any improvements,” Dr Norman said.

The Green Party last week released its full fiscal costings for their 2014 election priorities, independently verified by economic consultancy Infometrics. These showed the Green Party will deliver larger surpluses and pay down debt sooner than National.

“We have produced a fiscally responsible plan that will build a smarter greener economy that really works for all New Zealanders,” Dr Norman said.

The surpluses will be $2.2 billion larger than National by 2017/18 and gross Government debt will be $6.6 billion dollars lower than National by 2017/18 (even before any tax cuts).

“We have shown how we can pay for our spending. Now it’s time for National to do the same.”


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Parliament Today:

Werewolf: The Defence Pretence

Last year, the world began spending more money on weapons again, for the first time since 2011... New Zealand belongs to a region – Asia and Oceania – where military spending rose sharply in 2015, by 5.4 per cent. More>>

ALSO:

Gordon Campbell: On Not Crying Foul, Argentina

So a couple of guys found to be criminally liable of environmental pollution in Argentina lodge an application with the Overseas Investment Office… in order to buy some prime New Zealand rural land. Seems that their factory back home had carelessly and/or intentionally discharged toxic waste into the Lujan river. Bummer... More>>

ALSO:

Urban & Rural: $303m To Merge And Modernise New Zealand’s Fire Services

Internal Affairs Minister Peter Dunne today announced funding of $303 million over five years to combine urban and rural fire services into one organisation from mid-2017. More>>

ALSO:

High Trust Regime: What Did The PM Tell His Lawyer About Foreign Trusts?

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed. More>>

ALSO:

Road Crime: Wicked Campers Vans Classified As Objectionable

The definition of publication includes any "thing that has printed or impressed upon it, or otherwise shown upon it, 1 or more (or a combination of 1 or more) images, representations, signs, statements, or words", The Classification Office has previously classified such 'things' as billboards, t-shirts, and even a drink can. This is the first time the Classification Office has classified a vehicle. More>>

ALSO:

'When New' Repairs: Landmark EQC Settlement

The Earthquake Commission has cut a deal with 98 Canterbury homeowners that affirms the government entity's responsibility to repair earthquake-damaged property to a 'when new' state, as well as covering repairs for undamaged parts of a property and clarifying its position on cash settlement calculations. More>>

ALSO:

Gordon Campbell: On Kiwirail’s Latest Stint In The Dogbox

The denigration of Kiwirail continues. The latest review (based on a 2014 assessment) of the options facing the company have enabled Kiwirail to be hung out to dry once again as a liability and burden on the taxpayer. More>>

ALSO:

Royal Society Report: Good Opportunities To Act Now On Climate Change

There are many actions New Zealand can and should take now to reduce the threat of climate change and transition to a low-carbon economy, a report released today by the Royal Society of New Zealand finds... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news