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

 


Whyte calls on Craig to name his flat tax rate

Whyte calls on Craig to name his flat tax rate


ACT Leader Jamie Whyte has hit out at Colin Craig for failing to name his party's suggested flat tax rate.

"Page 9 of The Press today is an advertisement for Colin Craig’s Conservative Party and their policy of having two rates of income tax: 0% up to $20,000 and a flat rate thereafter. But the ad does not specify the flat rate," said Dr Whyte.

"Will it be 20%, 30% or 40%? How can anyone evaluate the policy without knowing what the flat rate will be?

"As I have previously explained, if no reduction in income tax revenues is planned, the flat rate above $20,000 would need to be 34%. This would entail a tax increase for everyone earning over $36,000, with those earning between $40,000 and $70,000 hit hardest.

"It is amazing that Craig thinks he can proceed in this way. Imagine a bank approached you and said they had a great deal for you on your $200,000 mortgage on which you are now paying 6%. Transfer it to them and you will pay two rates: 0% on the first $100,000 and some other unspecified rate on next $100,000.

"Without being told what the rate charged on that second $100,000 is, only an idiot would even consider taking the offer. And only a company banking on the stupidity of its customers would make such an offer.

"On TV3’s The Nation on Saturday morning, Colin Craig said that ACT and the Conservatives were not chasing the same voters. He is right. Whereas he seeks votes from the terminally gullible, we seek votes from the economically literate."

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

"Gutted" Safety Bill: Time To Listen To Workplace Victims’ Families

Labour has listened to the families of whose loved ones have been killed at work and calls on other political parties to back its proposals to make workplaces safer and prevent unnecessary deaths on the job. More>>

ALSO:

Regulators: Govt To ‘Crowd-Source’ Regulatory Advice

A wide-ranging set of reforms is to be implemented to shake up the way New Zealand government agencies develop, write and implement regulations. More>>

ALSO:

Board Appointments: Some Minister Appoint Less The 3 In 10 Women

“It’s 2015 not 1915: Ministers who appoint less than 3 in 10 women to their boards must do better, they have no excuse but to do better,” said Dr Blue. More>>

Gordon Campbell: On The 1990s Retro Proposals For Our Health System

As we learned yesterday, the reviews propose that the democratically elected representation on DHBs should be reduced, such that community wishes will be able to be over-ridden by political appointees. In today’s revelations, the reviews also propose a return to the destructive competitive health model of the 1990s. More>>

ALSO:

Post-Cab Press Conference: Foreign Buyers Register, TPP And Serco

At a press conference today in Wellington, John Key discussed the foreign buyers register as well as the TPP and Serco. Key was questioned on whether a stamp tax might be used as a tool to deal with foreign buyers. More>>

ALSO:

Lyndon Hood Satire: Serco To Outsource Prison To Public Sector

In response to high-profile failings, multinational omnicorporation Serco will introduce public management in its prison system. Serco's New Zealand manager, speaking on condition of anonymity, has announced plans for managers from the Department of Corrections to run the Mt Eden Correctional Facility. More>>

National Party Conference: Plans To Nudge Immigrants Towards Regions

The Government will introduce a package of immigration measures aimed at improving the spread of workers, skills and investment across New Zealand, Immigration Minister Michael Woodhouse says. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news