Parliament

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

 

Workers To Pay Tax More Under Labour-Led Govt

MEDIA STATEMENT
28 September 1999
FOR IMMEDIATE RELEASE

WORKERS TO PAY TAX MORE UNDER LABOUR-LED GOVERNMENT

The Alliance Party's new tax policy confirms that a Labour-led Government will mean workers will pay more tax than under a National-led Government, according to Rodney MP and Acting Minister of Finance Lockwood Smith.

The new tax package, to be today announced by Alliance leader Jim Anderton, increases taxes to 43 cents in the dollar for those earning over $75,000, and introduces an "executive surcharge" of 47 cents in the dollar for those earning over $100,000.

"These policies have been tried in the past, and they've failed. In order to create new jobs in Rodney, we need to bring taxes down - not place new taxes on the success of our workers," Lockwood Smith said.

"This election provides a stark choice for New Zealand. Under a Labour-led Government, all New Zealanders earning over $9,500 will pay more tax than under a National Government.

"The question then becomes, how much will New Zealanders pay? Currently, the Government takes approximately 35% of everything produced in New Zealand. It means that if you have a nine-to-five job, you don't start earning anything for your family until after half past eleven.

"Under a Labour Government those earning over $60,000 won't start earning for their families until around a quarter past 12. And Jim Anderton has said that Labour's tax policy "couldn't possibly … address the urgent needs in education, health, housing and employment" , meaning that Labour may have to resort to the Alliance policy in order to fund its credit card promises. That means that nine-to-five workers could pay taxes until around half past twelve, and at the upper tax rate of 47%, until a quarter to one.

"Over the past three years, the National-led Government has introduced significant tax cuts for individuals, and it's worked. The economy has grown by 37% since 1991 - more than a third. For every week that National has been in office since 1991, 600 new jobs have been created. The average weekly wage has increased from $542 to $654, and tax cuts mean that New Zealanders get to keep more of their wages.

"National's approach to taxation and economic management has delivered sound results for New Zealand families. Labour and Alliance policies place a tax on success, and will not deliver the jobs we need to increase living standards, and fund better health and education services," Lockwood Smith concluded.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Reaction

Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced

 

Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>

ALSO:


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election