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Labour Resurrects Muldoonist Failure

Tuesday 26th Oct 1999
Rodney Hide
Media Release -- Economy

Labour is today promising more big spending plans and more red tape to tie up jobs and growth with the release of its employment policy today according to ACT Finance Spokesman Rodney Hide.

"Labour at every policy launch calls for a new Government department or quango, more red tape and more spending.

"To help out small business Pete Hodgson wants to tax businesses hard and waste their hard earned money on a Local Economic Assistance Fund to politically correct businesses.

"Picking winners did not work for Sir Robert Muldoon, it will not work for Pete Hodgson. Labour's policy is a cruel one because the jobs will only last as long as Labour keeps pumping in the subsidies.

"Labour's policy also lacks any detail. Pete Hodgson hasn't explained is how much he will pour into the Local Economic Assistance Fund and where those millions will come from.

"The worst thing of all about Labour's policy is that businesses will be the ones paying for Hodgson's resurrection of Muldoonism," said Rodney Hide.

ENDS

For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.


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