Aussies show the way on tax cuts

ACT Leader Rodney Hide today called on Labour to follow Australia’s lead and use its record surplus to give workers a tax cut in the Budget.

Mr Hide was commenting on Australian Treasurer Peter Costello’s expected budget announcement of across the board tax cuts today.

“The Australian government is working with a projected budget surplus of $8 billion – the same as Labour’s, but with five times New Zealand’s population,” Mr Hide said.

“Finance Minister Michael Cullen could easily deliver a tax cut for every worker. It’s fair, affordable and Kiwis deserve it”.

Mr Hide said ACT is the only low-tax party in Parliament committed to delivering a tax cut for every worker. “ACT will drop the top personal and company tax rate to 25c in the dollar and drop the 21c rate to 15c. That’s a tax cut for every worker.

“Labour has been over-taxing hard-working Kiwis for years, and a tax cut for every worker is long overdue,” Mr Hide said.

A recent NBR poll revealed that 62 percent of New Zealanders believe they pay too much tax.

ENDS

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