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


Labour's Costly Economic Vision

Wednesday 10th Nov 1999
Rodney Hide
Media Release -- Economy

ACT Finance Spokesman Rodney Hide today said that Labour's strategy for a "modern, dynamic" economy was a prescription to return to the rigid, high cost economy of New Zealand's past.

"A modern, dynamic economy requires low tax, an end to wealth-sapping red tape, businesses free to negotiate with their staff and the market driving investments not taxpayer supplied pork.

"Labour's policy is the exact reverse. Taxes are to be increased. Tariffs restored. Unions returned to the head of the negotiation table and handouts for businesses chosen by Labour. The result will be an economy that is static and stagnant.

"Businesses don't want to be taxed hard only to have a fraction handed back in business welfare. The absurdity of this policy is that Labour are promising an extra $668 million in business welfare over three years but only an extra $315 million for health.

"Labour should get the basics right for business. Low flat tax, a commitment to the ECA, competition and choice in Accident Insurance and an end to wealth sapping government red tape and bureaucracy," said Rodney Hide.


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

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>


Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>


More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news