What should be in Budget 2015

Today ACT Leader David Seymour outlined policy changes he would like to see in Budget 2015.

They included:

• A referendum deciding the future structure of NZ Superannuation, to achieve a sustainable and fair pension system for NZ through this century.
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• The indexation of tax brackets to inflation so stealth tax increases don’t unfairly cut into household incomes.
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• An eight year programme of one percentage point per year reductions in the corporate tax rate, to boost investment, jobs and wages. This could be largely funded by winding down existing programmes of targeted corporate welfare.
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• Fundamental RMA reform to remove its anti-development bias, freeing up land for affordable housing and boosting investment.
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• Expanding the Partnership School model by allowing state schools, if their boards choose, to convert to the Partnership School funding model, thereby giving greater options and a wider range of choice for parents and their children.
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“New Zealand doesn’t need a policy revolution, but we need much more than National’s tentative incremental change,” said Mr Seymour.

“The government needs to provide a clear sense of its economic direction today for New Zealanders to prosper tomorrow.

“Enacting a future-focused Budget would accelerate growth, allow businesses and entrepreneurs to create more jobs, and encourage investment needed to raise living standards.

“ACT’s proposals on Superannuation, company tax rates, household taxes, RMA reform, AND school choice would reduce poverty, create jobs, and foster a thriving, innovative economy.”

Mr Seymour has released a short summary of his proposals, which can be read here.

ENDS

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