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


Cullen continues contortions on tax

Bill English MP
National Party Finance Spokesman

8 November 2007

Cullen continues contortions on tax

Just last year Finance Minister was threatening to 'quietly drown' MPs promising tax cuts off the back of New Zealand's strong surpluses, says National Party Finance spokesman Bill English.

"I wonder if he passed on that insight to the Prime Minister before she tried to claim that Labour's so-called conversion to tax cuts was because the surpluses were structural rather than cyclical.

"Dr Cullen has stated categorically that in his view there is no connection between tax cuts and surpluses. As far back as 2000 he was receiving advice telling him the surpluses were structural. He even told his own colleagues that.

"Now, he is trying to claim that he's been a secret supporter of tax cuts the whole time. It's absolute bunkem and everyone knows it."

The Budget Policy Statement, signed by him on 8 December 2000 reads: 'projected operating surpluses are structural, not just cyclical'.

The 'Beehive Bulletin', dated 6 April 2001, states 'Finance Minister Michael Cullen says the Crown Statements ... show the Government is easily meeting all of its fiscal targets and is running a structural surplus', while a copy of his Budget speech from 2001 that said: 'Because revenues are trending above spending, the structural surplus is rising'.

And just last year when the operating surplus was $11.5 billion, he said 'anybody who thinks there are large fiscal surpluses to be spent now by means of large tax reductions should be taken out and quietly drowned'.

Mr English says Dr Cullen has zero credibility on tax cuts and he will never be wholeheartedly behind them.

"The only personal tax cuts Dr Cullen has promised were cancelled because New Zealanders were not grateful enough for them. How grateful will New Zealanders have to be about getting more control over their own money before an over-taxing Labour Government actually delivers?"


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Why Herd Immunity Isn’t A Valid Option, And What’s With Our Reluctance To Wear Masks?

Herd immunity has recently bounced back into the headlines as a tool for managing Covid-19, and as a supposed alternative to lockdowns. In the US, a group of scientists was recently brought together in the town of Great Barrington, Massachusetts by a think tank funded by the Koch brothers. The assembled scientists signed the so called Barrington Declaration, which promotes herd immunity as a rational means of re-opening US public schools and the economy at large... More>>


Gordon Campbell: On National Being Shafted By Its Own Creation

As it licks its wounds, let’s hope the National Party can still find time to look back with some pride at what it has achieved in Epsom. The Act Party’s nationwide success on Saturday night has been a tribute to National’s foresight, and to its ... More>>


Green Party: 'Fruitful Discussions ... Further Discussions To Have'

The Green Party says there is a negotiation going on with the Labour Party, but there are more discussions to be had. More>>


Border: No Changes To Border Exemptions After Fishing Crew Test Covid-19 Positive

The cases were detected after routine day three testing but the immigration minister and air commodore agree there's no need to change border exemptions. More>>

PSA: Labour-Led Government Has Mandate For Transformation, Equality And Transparency

The Public Service Association welcomes the progressive electoral landslide New Zealand voters delivered on Saturday, and the union says its members look forward to implementing policies that reduce poverty and inequality, support affordable housing ... More>>


Stats NZ: New Report Shows Significant Changes To New Zealand’s Climate

Climate change is already happening in New Zealand and could have a profound impact on future generations of New Zealanders, a new report from the Ministry for the Environment and Stats NZ says. Our atmosphere and climate 2020 , released today, includes analysis ... More>>


Judith Collins: Obese People Must Take Responsibility For 'personal Choices'

National Party leader Judith Collins has described obesity as a weakness and says people should not 'blame systems for personal choices'. More>>

Māori Party: Poll Reveals Tamihere On Cusp Of Historic Māori Movement Election Victory

John Tamihere’s election campaign is on the rise and on track to return the Māori Party to parliament, a new Māori TV poll has revealed. The poll released on 11 October during the seventh and final Māori TV Maori Electoral campaign coverage has Tamihere ... More>>

Gordon Campbell: On Four-Year Terms Of Parliament, And On How The US Courts Are Dismantling Democracy

Last week, the issue of four-year parliamentary terms surfaced again. Infuriatingly, it is being discussed purely in terms of its convenience for political parties. They’d get so much more time to enact their policies, free of scrutiny or sanction by voters ... More>>





InfoPages News Channels