Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


PSA Welcomes Labour’s Proposed Partial Rollback Of 2010 Tax Cuts

The Public Service Association says Labour’s announcement of a new 39% tax rate on income over $180,000 is a step in the right direction that makes more funding possible for healthcare, education and income support for struggling New Zealanders.

The union notes, however, that the proposed tax increase will cover only those taxed under PAYE. This excludes many of the wealthiest New Zealanders, who often report personal incomes well below $180,000.

"We’re pleased to see Labour policies that can help shift New Zealand in a more equal direction, and we know PSA members will be happy to see more money available for essential public and community services," says PSA National Secretary Glenn Barclay.

In 1999 Finance Minister Michael Cullen introduced a 39% tax rate on income over $60,000 a year.

John Key’s National Government later introduced tax cuts for the wealthy in 2008 and 2010, reducing the top rate to 33% on income over $70,000 a year.

The PSA is disappointed to see no consideration of a tax focused on the wealth and assets of the super-rich.

"While we welcome this policy, it’s important to be realistic about it as well. Even factoring in inflation, this policy still represents only a partial rollback of National’s tax cuts for the rich," says Mr Barclay.

"We think politicians need to propose bolder policies to deal with rampant inequality and ensure New Zealand’s social safety net is fully funded and resourced. It’s a shame Labour isn’t yet prepared to reverse all the harmful tax policies of the past, but it’s still good to see proposals for positive change."

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On National’s Rampant Pandering To The Farming Vote

What on earth has happened to the political parties n the centre-right? Once upon a time in the US, the party of Lincoln was a respectable political party before it devolved into the cult of Trump. Here at home, the National Parry used to be able to manage and administer the economic orthodoxy in a reasonably competent fashion. Now it can barely do simple addition and subtraction. Something must have gotten into the water, and not simply out on the farm... More>>


Winston Peters Speech: The Gathering Storm Clouds: Ihumatao

Frequently around New Zealand you hear people say that politicians are all the same. It’s a convenient way to dismiss any careful investigation of the truth of that statement. New Zealand First since its inception has been committed to ‘one law ... More>>


National Agriculture Policy: Will Restore Farmer Confidence And Pride

A National Government will reduce regulatory burden and give farmers confidence for the future. Leader of the National Party Judith Collins and Agriculture spokesperson David Bennett announced National’s Agriculture policy in Gisborne today. “Agriculture ... More>>


Shaw: Wealth Tax Not A Bottom Line For Green Party But They Will Push For It

Green Party co-leader James Shaw says one of his senior MPs misspoke under pressure when she said a wealth tax was one of the party's bottom lines. More>>


Government: More Border Exceptions For Critical Roles

The Government has established class exceptions for border entry for a limited number of veterinarians, deep sea fishing crew, as well as agricultural and horticultural machinery operators. “Tight border restrictions remain the backbone of the Government’s ... More>>


Gordon Campbell: On Last Night’s Leaders Debate

Do political debates change voter intentions, and cause voters to switch sides? According to a 2019 Harvard Business School study conducted across 61 elections in nine countries involving 172,000 respondents, the answer would seem to be a resounding ... More>>


Dunne Speaks: The Election Campaign Just Grinds Slowly On And On

With just over three weeks until the General Election, the release of the first major pre-election opinion poll this week confirmed what was already being reported about this year’s campaign. Although the gap between Labour and National has narrowed ... More>>

Electoral Commission: Candidate And Party Lists Released

17 registered political parties and 677 candidates will be contesting the 2020 General Election Nominations have now closed and the Electoral Commission has released the electorate and party list candidates for 2020 online at vote.nz . Advance voting ... More>>

National: Plan To Restore NZ’s Prosperity

National’s Economic and Fiscal Plan carefully balances the need to invest in infrastructure and core public services while also reducing tax pressure on Kiwi families and businesses. National Leader Judith Collins and Finance spokesperson Paul Goldsmith unveiled National’s ... More>>


NZ First: Party List

New Zealand First has a proven twenty-seven-year history of bringing balance and common sense to our government. Amid the continued setbacks of COVID-19 restrictions, New Zealand First has once again sustained its profile by selecting a strong team ... More>>





InfoPages News Channels