INDEPENDENT NEWS

Labour’s Tax Plan Is Divisive Populism

Published: Wed 9 Sep 2020 11:52 AM
“Labour’s tax plan is divisive populism and it will raise little revenue,” says ACT Leader David Seymour.
“Jacinda Ardern likes to say we’re all in this together, but Labour is picking on a small group of New Zealanders to fund the Covid-19 recovery.
“Labour is telling young New Zealanders ‘if you study hard, get good grades, get a good job, save money, and invest wisely, we’ll tax you harder’. That’s the wrong message.
“However, almost no New Zealander will pay 39 percent on income above $180,000 and the tax change won’t raise anywhere near the $500 million Labour says it will. Even if it does, that amount of revenue won’t begin to repair the fiscal damage Labour has done.
“Today’s announcement shows Labour has no plan to get back to surplus and repay the debt.
“Labour is continuing its spending splurge as if nothing has changed. It has thrown money at ideological projects and without a plan.
“ACT says we need to focus on the wasteful, out of control spending.
“Labour was elected with a forecast surplus of $6 billion for 2020. Even before Covid-19, and with $3 billion of extra tax, it was down to a $1 billion deficit.
“Instead of fixing the roof while the sun shone, it got a few weeks’ good economic weather and decided to sell the roof altogether.
“We don't need to increase taxes on New Zealanders. ACT’s Alternative Budget and Debt Destroyer show how we can reduce wasteful spending to balance the budget in 2024 while also cutting taxes to stimulate the economy.”

Next in New Zealand politics

On National Being Shafted By Its Own Creation
By: Gordon Campbell
Green Party: 'Fruitful discussions ... further discussions to have'
By: RNZ
No changes to border exemptions after fishing crew test Covid-19 positive
By: RNZ
Labour-led Government Has Mandate For Transformation, Equality And Transparency
By: Public Service Association
New Report Shows Significant Changes To New Zealand’s Climate
By: Statistics New Zealand
Judith Collins: Obese people must take responsibility for 'personal choices'
By: RNZ
Poll Reveals Tamihere On Cusp Of Historic Māori Movement Election Victory
By: The Maori Party
On Four-year Terms Of Parliament, And On How The US Courts Are Dismantling Democracy
By: Gordon Campbell
The NZ election saw record vote volatility — what does that mean for the next Labour government?
By: The Conversation
Election Night Results For The 2020 General Election
By: Electoral Commission
On Why The Greens Shouldn’t Join The Government
By: Gordon Campbell
A Government For All NZ Must Be Diverse - Greens Co-Leader
By: RNZ
Government Will Be Formed 'Within The Next Two To Three Weeks' - Jacinda Ardern
By: RNZ
Election Delivers High Expectations For Working People
By: E tu
Businesses Need Predictability And Acceleration
By: Canterbury Employers Chamber of Commerce
View as: DESKTOP | MOBILE © Scoop Media