No Wonder Working Kiwis Are Feeling Squeezed

Published: Thu 11 Nov 2004 08:53 AM
No Wonder Working Kiwis Are Feeling Squeezed
ACT New Zealand Leader Rodney Hide today said updated figures released by Finance Minister Michael Cullen explained why hardworking Kiwis are feeling squeezed.
"Since Labour came to office, direct taxes have risen 23.9 percent, while household income has only risen 12.7 percent.
"According to Dr Cullen's figures, household income has increased by $7,720, but total tax paid has increased $5,200 - leaving only $2,520. They have only got to keep a third of their increase - nowhere near enough to compensate for inflation under this Government.
"There's not doubt about it, Kiwis are worse off under this Government - Dr Cullen's figures prove it. That's something any working family could tell Cullen," Mr Hide said.

Next in New Zealand politics

Omicron Outbreak Would Move The Country To Red - Expert Reaction
By: Science Media Centre
New Zealand Prepared To Send Support To Tonga
By: New Zealand Government
COVID-19 Immunisation Starts For 5 To 11-year-old Tāmariki
By: Ministry of Health
Departures Lift Border Crossing Numbers
By: Statistics New Zealand
Open Letter To Government From Non-bank Lenders: The Path Forward On CCCFA Changes
By: Financial Services Federation
Too Many Kiwi Workers Financially Vulnerable As Omicron Looms - Annual Workforce Survey
View as: DESKTOP | MOBILE © Scoop Media