Parliament

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

 

Shipley heads into fiscal meltdown

Labour
2000 web site
"Jenny Shipley's reckless $800 million tax cut promise risks taking New Zealand into fiscal meltdown," Labour finance spokesperson Michael Cullen said today.

"The $800 million actually represents $1.6 billion off the operating balance given Bill English's dollar for dollar pledge.

"He promised the National Party conference, and repeated in a debate with me on National Radio's Crosstalk show on July 25, that National would match every dollar spent on tax cuts with an extra dollar in social spending.

"And he said this would apply not only to the $400 million tax cut scheduled for April 1 but to any cuts National delivered in the next electoral cycle.

"His exact words in his speech to the conference were: "Over the next term of Government, for every dollar in tax reductions, we will provide for an extra dollar of expenditure on social services. This is our dollar for dollar commitment."

"There was never any suggestion that the additional spending was already provided for in Treasury base lines or referred to existing policies," Dr Cullen said.

"That means Mrs Shipley has effectively committed National to $2.4 billion; $1.2 billion in tax cuts and $1.2 billion in new spending.

"Mrs Shipley can't have it both ways. She can't commit National to such a fiscally expansionary programme and at the same time maintain that Labour cannot afford to fund its spending promises," Dr Cullen said.

"This is especially so as Labour will have at least $800 million more headroom than National in the first year - the $400 million we would expect to raise from our modest tax increase for the 5 percent of taxpayers earning more than $60,000 and the $400 million we would save by cancelling National's April 1 tax cut.

"Even more irresponsible is that Mrs Shipley is would risk plunging the country back into deficit just to save her own skin.

"It is a disgraceful vote bribe which would only line the pockets of the richest New Zealanders, all of whom have already got substantial benefit from the economic reforms initiated by her Government," Dr Cullen said.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Jami-Lee Ross Saga

In the end, the Jami-Lee Ross tweet about secretly taping his leader and promising to use it – assuming that such a tape exists, and wasn’t just being conjured out of thin air as a random threat – is a more serious offence than the original leak.

After all, even the PWC report hadn’t finally and definitively pointed the finger of blame at Ross, but had cited him merely as the most likely suspect. More>>

Press Conference Video: Jami-Lee Ross Plans By-Election, Police Complaint
National MP Jami-Lee Ross is to resign his seat and step down from the National Party, and will stand as an independent in any by-election for his Botany seat... Speaking to media at Parliament, he alleged Mr Bridges had broken electoral donation law and said he would put in an official police complaint. More>>
ALSO:

 

Education Amendment Bill Proceeda: Urgency Sought For Partnership School Treaty Claim

The claim takes issue with the acts and omissions of the Crown in respect of the closure of Partnership Schools | Kura Hourua. More>>

ALSO:

Salvation Army Paper: Call For Public Housing Investment

To meet these future demands the report suggests the government needs to look beyond the private rental market and begin to invest heavily into home-ownership programmes and more public and social housing. More>>

ALSO:

Fate Of Tahr Sealed: Himalayan Tahr Control Operation Proceeding

“The target of controlling 10,000 Himalayan tahr over the next eight months remains. The revised plan provides for a staged control operation with increased reporting to the Tahr Liaison Group...” More>>

ALSO:

Health: Petitions To Fund Breast Cancer Drugs

Women marching to Parliament today, to present two petitions calling for Government funding of vital medicines, have 100% support from a coalition representing than 30 breast cancer organisations. More>>

ALSO:

Animal Welfare Advisory Committee: Report On Rodeo Practices Released

The independent committee that advises the Minister responsible for Animal Welfare, has today released a report on animal welfare in rodeos, together with advice to the Minister making recommendations to improve the welfare of the animals in rodeos. More>>

ALSO:

PM's Press Conference: Fuel And Leaks

Other topics included the apparent murder of journalist Jamal Khashoggi at the Saudi Arabian embassy in Turkey, the relation between the Government moves against high fuel prices and the commitment to act on climate change, NZTA's failures in compliance checks ... More>>

ALSO:

New Hager Investigation: War Crimes, Sexual Assaults And Coverups In Armed Forces

A string of current and ex-New Zealand Defence Force staff have contacted Hager since the book he co-authored with Jon Stephenson – Hit & Run – was published in March 2017... More>>

ALSO:

Israel's Anti-Boycott Law: NZ Activists Fined Over Lorde Cancellation Raise $12k For Charity

New Zealand activists being fined in Israel for urging pop singer Lorde to cancel her concert have raised more than $12,000 for a Palestinian charity. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels