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ACT’s Alternative Budget 2014

ACT’s Alternative Budget 2014

ACT leader Dr Jamie Whyte presented a fully costed alternative budget today at a function in Mt Eden. Dr Whyte showed how by cutting all crony spending from the budget the company and top rate of spending could be cut to 24 cents without reducing spending for health, education or welfare.

“ACT’s alternative budget of a 24% top tax rate and cutting red tape will lift growth to 5%. ACT’s budget would restore full employment, increase wages and make housing more affordable while closing the income gap with Australia” said Jamie Whyte.

Dr Whyte said he had used Treasury figures and he presented a full list of $4 billion dollars of wasteful spending that ACT would eliminate to reduce taxes.

“ACT is the only party that has fully costed its policies. We have had economists check our figures and assumptions and the benefits are understated.

“Opposition parties are presenting election policies that have not been costed and are just tax and spend wish lists. No other party, including National has a plan to reduce the income gap between Australia and New Zealand. We are posting our budget and all the figures on ACT’s website. We challenge other parties to produce their alternative budgets with costing so voters can make informed decisions”



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