Parliament

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

 

Irresponsible Act opts for Lotto economics - Clark


Labour
2000 web siteLabour leader Helen Clark said today that Act had abandoned any claim to economic credibility by proposing tax cuts funded by asset sales.

"Mr Prebble used to say that good government was good housekeeping," Ms Clark said.
"Every good housekeeper knows that selling assets to pay the bills is a desperation measure, not a sustainable way to keep the books balanced.

"Act's dodgy budget starts with the even more extraordinary assumption that somebody will pay $1.2 billion over book value for Television New Zealand. This figure appears to have been plucked from thin air.

"Act's figures show about half the asset sale proceeds being used to fund a tax cut. Pursuing this irresponsible strategy would only lead the country into a mad downward spiral of further asset sales and decimated public services.

"When Act's expected Lotto bounty from TVNZ failed to appear, it would have to start selling everything else. New Zealand Post, the electricity state-owned enterprises, National Radio, ACC, schools, hospitals, water supply networks and roads would be part of Mr Prebble's garage sale.

"When everything was gone - and probably long before that - Act would have to slash public services to match its massive cuts to Government revenue. This is the brutal truth it is leaving out of its bumper-sticker election campaign. Mr Prebble prefers New Zealanders not to think about the American-style health, welfare and education systems his policies would inevitably produce.

"I believe New Zealanders want public services rebuilt, not slashed irreparably. People have had enough of state asset sales and they want to keep what remains. Mr Prebble's plans to take both asset sales and public service cuts to new extremes show he is trapped in a blinkered ideology. His plans to use asset sale proceeds to balance the books rather than repay debt show that ideology is now coupled with total irresponsibility."

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Why Raising Corporate Taxes Has Become A Hot New Political Cause

Surprisingly, “raising taxes” has become a very fashionable political idea in 2021. That’s right. After decades of being seen (at best) as a necessary evil, higher corporate taxes are now being treated as the Great Good Thing that will revive the US economy, re-distribute wealth productively, help to build neglected and decaying public infrastructure, fund public health, address social inequality, restore a sense of community and generally make everyone feel better about the society in which they live... More>>

 

Government: Delivers Next Phase Of Climate Action

The Government is delivering on a key election commitment to tackle climate change, by banning new low and medium temperature coal-fired boilers and partnering with the private sector to help it transition away from fossil fuels. This is the first ... More>>

Government: Independent Experts To Advise On Post-Vaccination Future

The Government is acting to ensure decisions on responding to the next phase of the COVID-19 pandemic are informed by the best available scientific evidence and strategic public health advice. “New Zealand has worked towards an elimination ... More>>

Travel: Trans-Tasman Bubble To Start 19 April

New Zealand’s successful management of COVID means quarantine-free travel between New Zealand and Australia will start on Monday 19 April, Prime Minister Jacinda Ardern announced today. Prime Minister Jacinda Ardern and COVID-19 Response Minister Chris ... More>>

ALSO:


Health: Drug-Testing Law To Be Made Permanent

Interim legislation that is already proving to keep people safer from drugs will be made permanent, Health Minister Andrew Little says. More>>

World Travel: New Zealand Temporarily Suspending Travel From India - PM Jacinda Ardern

Travel into New Zealand from India - including for New Zealand citizens and residents - is being temporarily suspended because of high numbers of Covid-19 cases. More>>

Finance: Crown Accounts Again Better Than Forecast

Hon Grant Robertson Minister of Finance The economic recovery from COVID-19 continues to be reflected in the Government’s books, which are again better than expected. The Crown accounts for the eight months to the end of February 2021 showed both OBEGAL ... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels