Thursday, 12 May 2016, 1:54 pm Press Release: ACT New Zealand
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?”
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