Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Mana applauds the Prime Minister’s proposal for tax cuts

Mana applauds the Prime Minister’s proposal for tax cuts

Mana Economic Justice Spokesperson John Minto tonight applauded Prime Minister John Key’s announcement that future budgets would have tax cuts.

“Mana wants to cut taxes for families on low and middle incomes who are doing the heavy lifting for the economy.”

For a start Mana would –

· Abolish GST – a nasty tax on low-income families (the poorest New Zealanders pay 14% of their income on GST while the richest pay less than 5%)

· Abolish tax on the first $27,000 of income from wages or salaries

These tax cuts would be offset with taxes on unproductive sectors of the economy which are not only distorting and damaging but are largely untaxed.

Mana would introduce –

· A Hone Heke Financial Transactions Tax on currency speculators

· A robust capital gains tax

· An inheritance tax on estates valued over $500,000

Over the past 30 years the tax burden has been shifted from the wealthy and the corporate sector to wage and salary earners through income tax cuts and GST increases.

“The reality is that most of the richest 1% don’t pay any meaningful tax. This is outrageous and has to stop. Low-income families can no longer afford to carry the idle rich and the tax-avoiding corporate sector.”

“So tax cuts are welcomed by Mana – starting with GST”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Environment And Conservation: Changes To Our Oceans Pose Serious Concerns

New Zealand’s oceans, coasts, and marine wildlife are under growing pressure, according to the first national report from the Ministry for the Environment and Statistics New Zealand about the marine environment. More>>


Police Authority: Use Of Taser Was Disproportionate And Unjustified

The Independent Police Conduct Authority has found that an officer’s second use of a Taser on a mentally unwell Hokitika man was disproportionate and unjustified. More>>


Gordon Campbell: On Holidays, Hekia Parata And Badlands

Hekia Parata, adieu. Reportedly, she’s been ‘passionate’ about education. She has “bravely’ led the charge on the government’s education reforms. In the past week , many of the postscripts to Hekia Parata’s career as Education Minister have sounded like a schoolteacher desperately trying to find some reason why a D student can be marked up to C minus. More>>


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news