Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Drop Super Scheme, Cut Tax to Boost Confidence

Drop Super Scheme, Cut Tax to Boost Confidence

Thursday, October 11 2001 Richard Prebble Press Releases -- Economy


The dramatic fall in business confidence during the September quarter is serious, ACT leader Richard Prebble says.

"The Quarterly Survey of Business Opinion remains one of the most reliable indicators of economic performance," Mr Prebble said.

"It seems the government is out of touch and unrealistic in its repeated claims that New Zealand will ride out the economic shocks of September 11. When the All Blacks publicly state that they are nervous about going on a tour to Britain, it's an indication of how unwilling tourists are to fly world-wide.

"That's serious because tourism is our biggest employer and second-largest overseas exchange earner. There'll be a drop in the number of visitors from our largest tourist market, Australia, made worse by the government's dithering which destroyed Ansett and Air New Zealand.

"It's ironic that the largest drop in business confidence for 17 years has been published on the day after the government passed the Cullen super scheme which commits the coalition to borrowing $4 billion to invest in the world's equity markets ' a risky scheme.

"ACT doesn't know of any business leader who supports borrowing for super.

"A sensible response to the changed economic situation would be to drop the super scheme which will plunge the books into the red.

"While the Reserve Bank's cutting of interest rates was timely, the best way to boost confidence would be to announce a roll-back of the top 39-cents tax rate," Mr Prebble said.

ENDS

For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Case For Nationalising Our Urban Bus Services


When it comes to funding and managing public transport, should local government or central government bear most of the responsibility for delivering a quality service? Ratepayers or taxpayers? Those basic questions re-surfaced yesterday, after the government announced its intention to scrap the Public Transport Operating Model (PTOM) imposed by the last National government in 2013. That model had required councils to use private contractors to run the buses, via a cut-throat competitive tendering process...
More>>




 
 

School Strike 4 Climate: Intergenerational Climate Strike On September 23rd
Once again School Strike for climate Ōtautahi (Christchurch) is asking all students to unite in a call to all council candidates to #voteclimate. Happening on Friday 23rd of September... More>>

Privacy Commissioner: Public Input Sought To Inform Privacy Rules For Biometrics
Privacy Commissioner Michael Webster is encouraging New Zealanders to have their say on the use of biometric information in Aotearoa New Zealand... More>>

National: Food Prices Climb Taking Kiwis Backwards
Kiwi families continue to battle runaway food prices, National’s Finance spokesperson Nicola Willis says... More>>

Human Rights Commission: Urgent Government Action Needed To Support Renters’ Human Rights
An immediate freeze on rent increases could give renters some reprieve during the cost-of-living crisis says Te Kahui Tika Tangata, the Human Rights Commission... More>>


Government: Creating Sustainable Public Transport For All
Workers and public transport users are at the heart of the new Sustainable Public Transport Framework, Transport Minister Michael Wood announced today... More>>

Government: Tax Break To Boost Long-term Rental Supply
The Government is encouraging more long-term rental options by giving developers tax relief for as long as the homes are held as long-term rentals, the Housing Minister Megan Woods has announced... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels