Cut Taxes + Cut Waste = Surplus
Cut Taxes + Cut Waste = Surplus
16 DECEMBER 2014
FOR IMMEDIATE
RELEASE
Responding to the Treasury's Half Year Fiscal and Economic Update, Taxpayers’ Union Executive Director, Jordan Williams, says:
"The best way for sustainable revenue is to cut taxes and cut wasteful spending. What better time than 2015 to give the economy a boost by cutting out the waste and reducing government’s burden?"
"Only yesterday in Australia Tony Abbott’s government axed 175 agencies and quangos. Here there are dozens of government-funded outfits that suck taxpayer money but would hardly be noticed if they were to be abolished."
"Bill English should spend the summer considering the words of John F Kennedy who said that lower rates of taxation stimulate economic activity to yield increased – not reduced – government revenues.”
“Corporate welfare is another candidate ready and waiting for the chop should the Government want to deliver a surplus."
In October, the Taxpayers’ Union released a report showing that since National took office, corporate welfare has cost taxpayers $1-1.4 billion ($600 - $800 per household) per year. If it were abolished, the government books would easily return to surplus, or the corporate tax rate from 28% to 22.5%.
ENDS