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No tax cuts, no spine

No tax cuts, no spine

Press release: ACT New Zealand
May 12, 2016. 1:30pm

ACT Leader David Seymour is disappointed in the Government’s refusal to cut taxes this or next budget.

“Abolishing corporate welfare would have given the Government an opportunity to cut taxes”, says Mr Seymour.

“Under this Government, corporate welfare has risen to $1.344 billion a year - a cost of $752 per New Zealand household.

“These handouts have included payments for sheep given to a Saudi businessman and a boat-building company owned by the world’s seventh-richest man.

“I would rather see that tax given back to households and businesses to decide for themselves what best suits their needs.

“Abolishing corporate welfare would save enough to allow the corporate tax rate to decrease from 28% to 22.5%, or to scrap the top income tax rate of 33%. Either of these is a far better option than continuing to allow politicians to pick winners.

“What’s the point in voting out a Labour Government if it is replaced by a National Party that carries on the same big spending agenda?”

ENDS

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