Brash Tax Promise Nowhere Near Enough - ACT

ACT New Zealand Finance Spokesman Rodney Hide today said that he was disappointed that Dr Don Brash won't immediately reverse Helen Clark's 39-cent envy tax.

"That tax for New Zealanders earning over $60,000 is wrong, it isn't needed, and it is counter-productive," Mr Hide said.

"Dr Brash's commitment to reduce the top rate of company tax to 30 cents is welcome but it is nowhere near enough.

"We should be aiming to drop the top rate of business and personal tax to 25 cents in the dollar within three years of taking office.

"It is clear that Dr Brash and the National Party are going to compete head-to-head with Labour for voters in the centre.

"Tax is now a defining issue between National and ACT.

"The obvious course for those who believe that lower taxes are critical to economic growth and to a fairer society is to vote ACT to provide both a coalition partner and a strong principled base for a Dr Brash-led government," Mr Hide said.

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