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


Government surplus & household debt? Time for tax cuts

Government surplus & household debt? Time for tax cuts

Two reports released today both make it clear the government is overtaxing New Zealanders, says ACT Leader David Seymour.

“The Finance Minister has once again boasted about how much revenue the Government is collecting, with Budget surplus running $700 million ahead of forecasts,” says Mr Seymour.

“Of course, a government surplus is actually a taxpayer deficit. It shows that the government is taxing New Zealanders more than it needs to. ACT says this money belongs to the taxpayer and it’s time to give it back.

“The IMF, meanwhile, have said that rising household debt is a risk to New Zealand’s financial stability.

“When you’ve got a government surplus combined with private debt, the solution is obvious: return some of the surplus to the private sector via tax cuts, allowing families and businesses to pay off debt with the money they rightfully earned. The rest of the surplus can be used to pay down public debt.

“A stronger ACT will make the Government commit to a programme of tax relief that continues beyond election year.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Fallout From The Barclay Tape

This is hardly a case of cleaning out your desk and being turfed out onto the pavement.

As others have pointed out, the disgraced Clutha-Southland MP will remain on the public payroll for three months until the election, and for three months afterwards. More>>


Ombudsman: Canterbury Schools Reorganisation Mishandled

An investigation into the Canterbury schools reorganisation after the February 2011 earthquakes has found significant gaps and flaws in the Ministry’s engagement and communications with schools and communities. More>>


Law Commission: Contempt Report "Protects Right To Fair Trial"

The proposed Act limits what news media representatives and bloggers can report on court proceedings, but it also makes clearer than the current law where the line is between contempt and freedom of expression. More>>


Gordon Campbell: On Our Refugee Intake (And Uber’s Woes)

On figures released this week, there are currently 65.6 million people worldwide who have been displaced from their homes by war, famine or other external causes… More>>


IGIS Report: GCSB Support For Groser WTO Bid Not Illegal

“The inquiry has found that the GCSB did not act unlawfully or improperly in providing assistance to the New Zealand government campaign”, Ms Gwyn said. More>>


PM's Press Conference: Pike And Houses

There were questions on Pike River mine re-entry after new video from inside the drift was released over the weekend. English maintained a human effort would not be feasible irrespective of any future coalition demands from NZ First. He said the government would continue to work with families on non-manned re-entry. More>>


Flogging A Dead Horse: NZ First Seeks New s59 Referendum

10 years on from the so called “anti-smacking” law - NZ First calls for a binding referendum. NZ First MP Tracey Martin told TVNZ’s Q+A programme that the law change has had a “chilling effect” on NZ parents including herself. More>>


Always Interesting: Internet Party Has New Leader

The Internet Party has a new leader: Suzie Dawson... She currently resides in Moscow, Russia, where she has applied for temporary asylum due to severe persecution she reports being subjected to by those whose corruption she worked to expose.More>>




Featured InfoPages

Opening the Election
  • PublicAddress
  • Pundit
  • Kiwiblog