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


Cullen's tax cut excuses wearing very thin

Cullen's tax cut excuses wearing very thin

Friday 3 Dec 2004

Rodney Hide - Press Releases - Other

ACT Leader Rodney Hide said the Finance Minister's latest excuse for not cutting taxes for fear of over-stimulating an already booming economy is laughable.

Dr Cullen's excuse came the same day as the New Zealand Institute of Economic Research released forecasts showing economic growth dramatically falling to 2.4 percent in the year to March 2006, and averaging just 2.9 percent per annum for the following three years.

"We're not booming and the future of our economy is not that bright. Tax cuts are just what we need," said Mr Hide.

Dr Cullen's latest excuse follows a litany of excuses, flop-flops, and indecision:

"At the beginning of his reign Dr Cullen said there was no fiscal headroom for tax cuts.

"He then told an overseas audience he'd like to reduce company tax as fiscal conditions permitted.

"As the surplus grew, he changed tack citing that most of the surplus would be committed to capital spending - which is complete rubbish.

"Now he fears over-stimulating the economy.

"The time is perfectly right now to cut taxes. Households are sick of being squeezed and Kiwis are sick of hearing Dr Cullen's excuses," said Mr Hide.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Australian Election Toss-up

The foibles of the Aussie electoral system are pretty well-known. The Lucky Country doesn’t have proportional representation. Voting for everyone over 18 is compulsory, but within a preferential system. This means that in the relatively few key seats that decide the final result, it can be the voters’ second, third or fourth ranking preferences that finally get the winner over the 50% line...


Budget: Climate Investments Provide Path To Economic Security
The Government is investing in New Zealand’s economic security by ensuring climate change funding moves away from short-term piecemeal responses and towards smart, long-term investment... More>>


Budget: Updated My Vaccine Pass For Those Who Want It

New Zealanders who are up-to-date with their COVID-19 vaccinations will be able to download an updated My Vaccine Pass from 24 May, COVID-19 Response Minister Chris Hipkins said today... More>>

Speaker: 2022 Register Of Pecuniary And Other Specified Interests Presented
The 2022 Register of Pecuniary and Other Specified Interests of Members of Parliament was presented in the House today. It contains a summary of members’ interests as at 31 January 2022... More>>

Classification Office: Following Decision To Ban Manifesto The Buffalo Mass Shooting Livestream Is Now Banned
The livestream video of yesterday’s mass shooting in the United States has now been banned, Acting Chief Censor Rupert Ablett-Hampson announced this morning. The decision follows on from his decision yesterday to call in and ban the ‘manifesto... More>>

Borders: New Zealand Poised To Welcome International Students Back
New Zealand is fully reopening to international students and the Government is committed to help reinvigorate and strengthen the sector, Education Minister Chris Hipkins said today... More>>

Inland Revenue: Commissioner Appointed
Deputy Public Service Commissioner Helene Quilter QSO has today announced the appointment of Peter Mersi to the position of Commissioner and Chief Executive, Inland Revenue Department... More>>




InfoPages News Channels