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


Sustainability first, equitable tax cuts second

The surplus – sustainability first, equitable tax cuts second

Media Release, 11th October 2006

Dr. Russel Norman, Green Party Co-Leader

The first call on the $3 billion cash surplus announced today should be investments in environmental and social sustainability, and if tax cuts do go ahead then they should be introduced as a tax-free threshold at the bottom of the tax scale that would benefit all New Zealanders, says the Green Party.

“New Zealand is facing some very serious shortfalls in investments in public transport, renewable energy research and development, sustainable agriculture, and social housing,” says Russel Norman, Greens Co-Leader and Economics’ Spokesperson.

“Investing in our long term sustainable future must be the top priority. Reducing our oil dependence will benefit our economy in the long term and public transport will make it cheaper and easier to get around our cities and towns.

“Housing has become ridiculously expensive and people desperately need more affordable state housing and community housing options.

“It should also be noted that our greenhouse gas liability increased by $346m in the course of one year and, if this increase continues, then we will owe over $2.5billion by 2012, the end of the Kyoto commitment period. While much of this is due to accounting changes, it is clear that Government inaction on climate change is costing us dearly.

“Tax cuts will put even further upwards pressure on interest rates, so that anything gained by ordinary New Zealanders in tax cuts is likely to be taken away by the subsequent boost in mortgage interest rates.

“But, given that Labour is likely to proceed down the tax cut path at some point, our plea is that tax cuts go to everyone, via the introduction of tax-free threshold at the bottom of the tax scale.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Panic In The Pacific Over China

For years, it has been no secret that China wants closer security and trade ties with the small nations of the Pacific region. All part of Beijing’s self-image as a global superpower. To that end this week, Chinese Foreign Minister Wang Yi embarked on an unprecedented 10-day tour of the Pacific, aimed at convincing his Pacific hosts to join a cross-Pacific agreement that would let Beijing provide them with high-level police training and security, shared data co-operation and other joint services ranging from agriculture to tourism...


Covid-19: Second Vaccine Booster For The Most Vulnerable
People who are at high-risk of getting very sick from a COVID-19 infection will soon be eligible to receive a second booster, COVID-19 Response Minister Chris Hipkins said today... More>>

Crime: Govt Helps Protect Shops From Ram Raids

The Government is providing further support to help Police protect small businesses affected by a spike in ram raids, Minister of Police Poto Williams says... More>>

Government: Investment Boosts Coastal Shipping In Aotearoa
New Zealand is a step closer to a more resilient, competitive, and sustainable coastal shipping sector following the selection of preferred suppliers for new and enhanced coastal shipping services, Transport Minister Michael Wood has announced today... More>>

PM Speech: Harvard University Commencement Speech - Democracy, Disinformation And Kindness

In Te Reo Māori, the language of the indigenous people of New Zealand, I paid tribute to all of the esteemed guests who stand here in this great forest of knowledge. It is a privilege to be here, and I thank you for the honour... More>>

Government: Independent Panel Appointed To Review Electoral Law
Justice Minister Kris Faafoi today announced appointments to the independent panel that will lead a review of New Zealand’s electoral law. “This panel, appointed by an independent panel of experts... More>>

Trade: Prime Minister To Visit United States
Prime Minister Jacinda Ardern is leading a trade mission to the United States this week as part of the Government’s reconnection strategy to support export growth and the return of tourists post COVID-19... More>>




InfoPages News Channels