Scoop has an Ethical Paywall
Weakening economic growth shows need for tax cuts
19 SEPTEMBER 2019
With economic growth softening, the Government needs to let taxpayers keep more of what they earn, says the New Zealand Taxpayers’ Union.
Taxpayers’ Union spokesman Louis Houlbrooke says “The Government’s current approach of more taxes, spending, and regulation has failed. Annual economic growth has fallen from 3.9 percent in 2016 to 2.1 percent today and with heightened international uncertainty on the horizon, it could fall even further.”
“There needs to be a renewed focus on the fundamentals. A good start would be delivering tax relief to workers and businesses, leaving everyone with more left in their wallet to spend and invest. Lower taxes would also make investment more attractive, which would help to lift incomes and put some more steam into the economy.”
ENDS
Gordon Campbell: On When Racism Comes Disguised As Anti-racism
Brendon McMahon - Local Democracy Reporter: West Coast Swim Spot Testing Clear Of E-coli
Green Party: Government Throws Coal On The Climate Crisis Fire
Labour Party: Public Transport Costs To Double As National Looks At Unaffordable Roading Project Instead
The Treasury: New Paper On A Framework For Assessing The Economic And Fiscal Impacts Of Climate Change
Government: Pet Bonds A Win/Win For Renters And Landlords
Government: New Zealand Condemns Iranian Strikes
