INDEPENDENT NEWS

Orr’s OCR “needs friends” comment is a call for tax relief

Published: Wed 7 Aug 2019 03:29 PM
7 AUGUST 2019
Today’s surprise 50-basis points cut and Reserve Bank Governor Adrian Orr’s comment that monetary policy “needs friends” forces the Government to seriously consider tax relief, says the Taxpayers’ Union.
Spokesman Jordan Williams says “The Government needs to respond to the Reserve Bank’s economic warning by reducing the tax burden on the economy.”
In answering questions from the media, Mr Orr said that his monetary police ‘needs friends’. “That’s about as direct instruction you can get for a Government to cut taxes,” says Mr Williams.
“The risk is that Ministers instead use this warning as an opportunity to turn on the taps of poorly targeted, wasteful spending. Presumably that’s what Mr Orr meant when he mentioned the quality of spending. It is so much better to leave it to Kiwis to spend their own money, than waste it on big dumb government spending.”
ENDS
New Zealand Taxpayers' Union
New Zealand's grassroots campaign for lower taxes and less government waste
The New Zealand Taxpayers' Union is an independent activist group, dedicated to being the voice for Kiwi taxpayers in the corridors of power. It's here to fight government waste and make sure New Zealanders get value for money from their tax dollar. New Zealanders are invited to join and donate at http://taxpayers.org.nz
Contact New Zealand Taxpayers' Union
Website:
Twitter:
Facebook:
Media Contact:
Media line (24-hr) 04 282 0302

Next in New Zealand politics

Update on New Zealand and the Cook Islands travel bubble
By: New Zealand Government
Speech: Ardern - Let’s Keep Moving - 2020 Election Campaign Launch
By: New Zealand Labour Party
On Political Twins, And On Labour Extending Its Wage Subsidy Scheme
By: Gordon Campbell
Adjournment Debate: Speaker Trevor Mallard
By: Hansard
Vaping Legislation Passes
By: New Zealand Government
Overall, 82% Trust Pandemic’s Management – Down From 91%
By: Horizon Research Limited
National Releases 2020 Party List
By: New Zealand National Party
How Judith Collins stopped the bleeding
By: Horizon Research Limited
Your Vote 2020: Bringing Election Coverage To Viewers Across TVNZ Channels And Platforms
By: TVNZ
30% Believe Households Worse Off, 298,000 Expect To Lose Jobs
By: Horizon Research Limited
Findings Of Investigation Into COVID-19 Active Cases Privacy Breach
By: State Services Commission
New Zealand suspends extradition treaty with Hong Kong
By: New Zealand Government
New Zealand Must Stand With Free, Democratic Nations
By: ACT New Zealand
Economic Alarm Bells Ring
By: New Zealand National Party
Adjournment Debate: PM Jacinda Ardern
By: Hansard
View as: DESKTOP | MOBILE © Scoop Media