Healthy Surplus Should Be Returned to Kiwis Who Earned It

13 OCTOBER 2016

The Taxpayers’ Union is welcoming today’s surplus of $1.8 billion shown in the Crown accounts for 2015/16, and is calling on the Government to signal meaningful tax cuts in next year’s budget so that households, and not politicians, spend what Kiwi’s have worked so hard for. Taxpayers’ Union Executive Director, Jordan Williams, says:

“Due to fiscal drag, most New Zealanders are paying a higher proportion of their income in tax than when John Key became Prime Minister in 2008. Now is the time to reduce that burden, and give households meaningful tax relief.”

“If the Government can’t deliver tax relief in next year’s Budget, then it is doubtful that this Government ever will.”

“Tax cuts planned for 2017 were cancelled by Bill English last year. Today’s figures show that there is plenty of money in the kitty for tax relief for every New Zealander.”

ENDS

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