INDEPENDENT NEWS

MPs Must Reject Out-of-touch Near $20,000 Pay Hike

Published: Tue 30 Apr 2024 05:26 PM
The Taxpayers’ Union is slamming today’s determination from the Remuneration Authority that backbench MPs will be receiving an additional $17,239 in base salaries by the end of the Parliamentary term. This comes alongside a $2,320 increase to backbench MPs’ annual tax-free expense allowances by the end of the Parliamentary term.
Taxpayers’ Union spokesman, Jordan Williams, said:
“While the average income of households is going backwards, MPs are locking in annual increases that don’t reflect the real world. The decision demonstrates that the Wellington-based Remuneration Authority are out of touch with the rest of New Zealand.
“The base salary is highly misleading. Once the enormous superannuation subsidy, tax-free allowances, taxpayer-funded meals and accommodation allowances are factored in, even the lowest-paid MP is already paid more than $200,000.
“The economy is going backwards. Household incomes continue to decline. The Government is adding $75 million a day to the national debt. Now is not the time to hike MPs' pay.”

Next in Business, Science, and Tech

SEEK NZ Employment Report - May
By: SEEK NZ
We May Have Popped Out Of A Double Dip Recession, But We’re Still Struggling…
By: Kiwi Economics
Rules For Earthquake-Prone Buildings Under Review – Expert Reaction
By: Science Media Centre
ANZ Ready To Support Northland Customers
By: ANZ Bank
Economy Limps Out Of Recession As GDP Grows 0.2%
By: RNZ
Waikato Seismic Research May Have Global Impact
By: Earthquake Commission
View as: DESKTOP | MOBILE © Scoop Media