Key's Comments on TPP Medicine Costs Disturbing
29 JULY 2015
The Taxpayers’ Union is cautioning Prime Minister John Key for his comments that the Government would pick up the tab for increased costs of medicines as a result of a Trans-Pacific Partnership free trade agreement. Taxpayers’ UnionExecutive Director, Jordan Williams, says:
“While the Taxpayers’ Union takes no position the TPP, we are disturbed that the Prime Minister would suggest that consumers may get a free lunch courtesy of the Government. Mr Key needs to be reminded that Government money is inherently taxpayer money. When he says the Government will meet the shortfall, he’s really saying that the Government will tax Kiwis more to meet the shortfall."
“Whether the extra economic activity resulting from the TPP makes the cost worthwhile is something that can only be assessed once the final text is agreed and made public. On behalf of taxpayers though, we’re taking the opportunity to remind the Government that it is taxpayers, not pixies, who pay any increased cost of medicines resulting from TPP.”
“The Taxpayers’ Union supports trade agreements that reduce hidden taxes such as tariffs and we look forward to seeing what results from the negotiations in Hawaii."