Parliament

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

 

Voting has started and still no tax plan or fiscal budget

Voting has started and still no tax plan or fiscal budget for voters to see

"Even though voting for the election has already begun, National still refuses to provide any details of its proposed tax cuts. And Bill English admitted this morning that he won’t provide any specifics until after the election", Labour’s Finance spokesperson David Parker says.

“National is now dangling the prospect of vague and undefined tax cuts just weeks after Bill English said nothing substantial was affordable.

"It's pretty obvious that tax cuts were dangled only after National was in trouble with inappropriate behaviour by Judith Collins and the Prime Minister's Office.

"Neither has National made any provision for spending by its coalition partners.

"In contrast, Labour has. Our detailed fiscal plan has been out for months and responsibly shows our revenue, spending and debt reduction plans. Even more importantly we've got a plan to move the economy from speculation to productive investment and to higher value exports supporting secure well-paid jobs.

"John Key and Bill English refuse to engage in the debate about why their promise to increase exports to 40% of GDP has not been met. Exports were 33% when they took office, have dropped to 29% of GDP now, and are projected to go further backwards to 26% of GDP over the coming years. Labour's economic upgrade includes Universal KiwiSaver so that we have more of our own capital to invest in growing New Zealand businesses and jobs.

Our Capital Gains Tax excluding the family home ensures more investment goes into the productive sector rather than speculation. Our R+D tax credits improve the value of what we sell. All these measures make the economy stronger and lift wages.

"National's attacks are hollow given that Australia has each of these, which is why they are wealthier.

"Despite the fact that growth is slumping, exports are down, wages are stagnant, and interest rates rising, National has no plan. With a surplus yet to be recorded in the books and debt still rising, undefined tax cuts dangled after six years of deficits doesn't cut it", David Parker said.

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Cyclone Gita: Metservice Forecasts Gita To Impact New Zealand - Be Prepared

Cyclone Gita is expected to approach New Zealand from the northwest. There remains some uncertainty with regards to the speed and track of Gita, but the passage of this system across New Zealand on Tuesday and Wednesday is likely to bring a period of highly impactful severe weather.

People should be aware of the potential for coastal inundation, especially where high waves,low atmospheric pressure and strong onshore winds come together ... More>>

 

'Hit And Run' Raid: NZDF Had Reports Of Civilian Casualties

The NZDF received intelligence updates within one or two days of the August 2010 SAS raid in Afghanistan that reported civilian casualties, including the death of a child, new OIA documents reveal... it appears they did not bother to investigate nor made any effort to help the victims. More>>

ALSO:

Christchurch Public Meeting: Complete U-Turn By Labour And NZ First On TPP

The TPP might have been re-branded as the CPTPP but it's still the same bad deal says Professor Jane Kelsey, New Zealand's expert on international economic regulation. More>>

ALSO:

Commerce, Etc: Thicker Bright Line For Real Estate

Revenue Minister Stuart Nash has confirmed the bright-line test on residential property sales will be extended from two years to five years in legislation currently making its way through Parliament.More>>

ALSO:

Prison Inspections: Reports on Manawatu and Paremoremo Released

The Office of the Inspectorate today released reports into Manawatu Prison and Auckland Prison (Paremoremo), the first two resulting from a programme of inspections of New Zealand prisons. More>>

Whistle Blowers: Government To Review Law On Protection

Work has begun on a review of the Protected Disclosures Act 2000, Minister of State Services Chris Hipkins said today. More>>

ALSO:

Gordon Campbell: On National’s Leadership Contest

National needs a new leader able to: (a) compete with, undermine and defeat a currently popular and politically adept Prime Minister; (b) define whether National now sees itself as being a traditional conservative party or a modern neo-liberal one; (c) devise a strategy that addresses National’s chronic lack of a viable coalition partner More>>

ALSO:

Christchurch: PM Launches 100% Electric Car Share Offering

The Southern Hemisphere’s biggest deployment of pure battery electric cars and largest pure EV car sharing model was officially launched in Christchurch today by Prime Minister Jacinda Ardern. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages