ACT Finance spokesman Rodney Hide said today that Jim Anderton's recommitment to a Financial Transaction Tax showed what
an extreme threat he is to jobs and to growth.
"A Financial Transaction Tax is economic lunacy. It would be hugely inefficient, inequitable and very easy to dodge. It
could never replace GST as Jim Anderton proposes.
"Jim Anderton is a dangerous economic illiterate. Helen Clark should tell voters which part of his extremist economic
prescription she will go along with and which part she will reject out of hand. So far, her silence has been deafening.
"The Alliance were embarrassed by this policy last election. It's clear they haven't done any work on their economic
policies since then.
"Jim Anderton's announcement that he is still wedded to a Financial Transaction Tax has again confirmed to businesses
what a risk he is to have anywhere near government," said Rodney Hide.
ENDS