Parliament

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

 

ACT $650m Business Deveklopment Cut Will Kill Jobs

Act's $650 million cut to business development will destroy thousands of jobs

Act's proposed vicious cut of $650 million in business assistance will destroy thousands of jobs and is flying in the face of Japan and Taiwan's proven path to creating a knowledge based economy.

'Roger Douglas's tax cuts in the mid 80's destroyed 60,000 jobs. Now he wants to destroy another 60,000 by cutting government funding to industry by $650 million,' Alliance Leader Jim Anderton said

'These figures come from the Employers Federation own research which revealed Act's hidden agenda to slash at least $1250 million from government expenditure in the next two years.

'These cuts include a $150 million cut to agricultural based industries at the same time that Act claims it has been rural New Zealand's most dependable voice in parliament.

'Will Act never learn? Government has a vital role to play in partnership with industry to develop new job-rich, high technology industries.

'Alliance policies will create 80,000 jobs by implementing the same policies that have revitalised countries like Ireland and Finland.

'The Taiwanese computer industry sprang from a government plan to build a knowledge economy. This was helped with direct assistance in the way we are suggesting our Economic Development fund will work.

'None of these economies were built on Act style slash and burn free market ideology.

'Act's proposed tax cuts for the rich will just add to the balance of payments crisis and New Zealand's foreign debt because those on high incomes are more like to buy more expensive luxury imports rather then spend money creating jobs.

'Roger Douglas assumes any public money spent on helping industry by government actually costs jobs. Countries such as Taiwan disprove that theory', Jim Anderton said.

Act's planned spending cuts are on page 44 of the Employers Federation report 'Assessment of political party tax policies 1999' which was hailed by Act as 'a major independent study' on Monday.


ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

New Reports: Flood Risk From Rain And Sea Under Climate Change

One report looks at what would happen when rivers are flooded by heavy rain and storms, while the other examines flooding exposure in coastal and harbour areas and how that might change with sea-level rise.

Their findings show that across the country almost 700,000 people and 411,516 buildings worth $135 billion are presently exposed to river flooding in the event of extreme weather events...

There is near certainty that the sea will rise 20-30 cm by 2040. By the end of the century, depending on whether global greenhouse gas emissions are reduced, it could rise by between 0.5 to 1.1 m, which could add an additional 116,000 people exposed to extreme coastal storm flooding. More>>

ALSO:

 
 

Gordon Campbell: On The Commerce Commission Fuel Report

The interim Commerce Commission report on the fuel industry will do nothing to endear the major oil companies to the New Zealand public... More>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels