Parliament

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

 

Act policy - ignorant repetition

Labour
2000 web siteAct's so-called economic policy is nothing more than a repetition of creative accounting plus a belief that poorly argued economic theory will somehow create a miraculous number of jobs and lead to fiscal outcomes that can be justified, says Labour deputy leader Michael Cullen.

"When one cuts down Act's policy to what it is actually trying to say we end up with three very clear elements," Dr Cullen said.

"Firstly, if we fail to provide additional expenditure in areas like health and education then the rich can have a large tax cut even though this will mean a lower standard of living for low and middle income families.

"Secondly, and most extraordinarily, Act continues to argue that it has somehow found a buyer for TVNZ who will pay $1200 million more than it is worth on the government's books. Without that initial $1200 million in the first Budget, Act's budgets fall to pieces completely. Act is yet to explain who this strange business is that is going to pay for TVNZ many times the value that the government itself places upon it.

"Thirdly, Act continues to rely on studies commissioned by the IRD which have been shown by many independent experts to be totally unreliable and fallacious. These studies are not, as Act claims, IRD's own studies. They are ones commissioned by the IRD. The basic economic model on which these studies were based bears no relationship to any real economy. The data included in these studies bears no relationship to any known economic series published in New Zealand. The economic and statistical analysis of the data is nonsense by any proper and recognised standards.

"Mr Prebble keeps insisting, along with Mr Hide, that public policy can be based on studies which have been uniformly scorned by serious economic analysts. Labour certainly does not base its economic policies on such dubious studies.

"The facts are very simple. Under Act's policies, Mrs Shipley gets a $450 a week tax cut. The bulk of low and middle income families have to pay more for health, more for education, and have a less secure superannuation scheme to look forward to," Dr Cullen said.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>

 

Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. 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