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


Treasurer fails to lift National's game - ACT

Sunday 11th Jul 1999

Rodney Hide

Media Release -- Economy

ACT Finance spokesman Rodney Hide today said that farmers, manufacturers, employers and the productive sector were looking to the Treasurer's speech today for a clear statement that National was working to lift its game, to set a clear programme of tax cuts and to stop the populist fiddling with tax.

"The Treasurer has again missed the opportunity.

"English's speech was long on rhetoric and short on policy substance. There was no commitment to cut red tape, to get government spending under control or to cut taxes on businesses. There was nothing in his speech to give hope to the productive sector.

"The small cut to personal tax is welcome but it doesn't go far enough. It does nothing to create jobs or encourage investment. The government should be following the advice of business leaders and driving to reduce the top rate of tax. That would boost jobs and investment. It would flatten our tax rates. Instead, the new Treasurer is locking in a progressive tax structure that has no economic or social rationale.

"Shifting the tax threshold out is the wrong tax cut for the wrong reason. This is an election carrot rather than the tax cut needed to boost jobs and investment.

"The new Treasurer has no programme and has set no targets. Bill English is sticking with the wasteful spending that is Winston Peters and Bill Birchs' legacy. National has offered nothing to small business struggling in the mire of government red tape.

"New Treasurer Bill English failed to explain to the National party rank and file why government should retain ownership of TVNZ, why government spending should automatically ratchet up $680 million a year, and why an immediate three-cent tax cut isn't a good idea.

"English's failure to announce an economic programme to re-vitalise the economy is disappointing for the country. But it's good news for ACT. ACT is now the only party that has laid out a clear and costed programme that cuts out the waste and that takes the top rate of tax down to twenty cents in the dollar," said Rodney Hide.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Legal Issues: Gordon Campbell On The Commerce Commission Fuel Report

Yesterday’s interim Commerce Commission report on the fuel industry will do nothing to endear the major oil companies to the New Zealand public.

Apoparently, the fuel industry is an oligopoly where the Big Three (BP, Mobil and Z) that import 90% of this country’s fuel also control the supply, pricing, profit margins etc etc, from wharf to petrol pump, thereby all but throttling genuine competition at every stage along the way. More>>


Emergency Govt Bill: Overriding Local Licensing For The Rugby

“It’s pretty clear some clubs are having difficulty persuading their district licensing committees to grant a special licence to extend their hours for this obviously special event, and so it makes sense for Parliament to allow clubs to meet a community desire." More>>


Leaving Contract Early: KiwiBuild Programme Losing Another Top Boss

Ms O'Sullivan began a six-month contract as head of KiwiBuild Commercial in February, but the Housing Ministry has confirmed she has resigned and will depart a month early to take up a new job. More>>


Proposed National Policy Statement: Helping Our Cities Grow Up And Out

“We need a new approach to planning that allows our cities to grow up, especially in city centres and around transport connections. We also have to allow cities to expand in a way that protects our special heritage areas, the natural environment and highly productive land." More>>


Ombudsman's Report: Ngāpuhi Elder 'Shocked' By Conditions At Ngawha Prison

A prominent Ngāpuhi elder is shocked to find inmates at Ngawha Prison are denied water and forced to relieve themselves in the exercise yard... Chief Ombudsman Peter Boshier has released a report highly critical of conditions at the Northland prison. More>>


Promises: Independent Election Policy Costing Unit A Step Closer

The creation of an entity to provide political parties with independent and non-partisan policy costings is a step closer today, according to Finance Minister Grant Robertson and Associate Finance Minister James Shaw. More>>


School's In: Primary And Intermediate Principals Accept New Offer

Primary and intermediate school principals have voted to accept a new settlement from the Ministry of Education, which includes entrenched pay parity with secondary principals. More>>


IPCA On 'Rawshark' Investigation: Multiple Police Failings In Hager Searches Confirmed

The Independent Police Conduct Authority has found that the Police's unlawful search of Nicky Hager's property in October 2014 resulted from an unwitting neglect of duty and did not amount to misconduct by any individual officer... More>>


Broadcasting Standards: Decisions On Coverage Of Mosque Attacks

The Authority upheld one of these complaints, finding that the use of extensive excerpts from the alleged attacker’s livestream video on Sky News New Zealand had the potential to cause significant distress to audiences in New Zealand, and particularly to the family and friends of victims, and the wider Muslim community. More>>

PM's Post-Cab: Bad Mail

Cabinet was updated on the process around prisoners sending mail, following the accused Christchurch gunman sending letters that "should have been stopped". All mail of "high concern prisoners" will now be checked by a specialist team and a changes to the legal criteria for witholding mail are expecting to go to a cabinet committee in this parliamentary session. More>>




InfoPages News Channels