Printing money doesn’t create jobs

BY ACT at 1 August, 2018


“The Government’s new legislation directing the Reserve Bank to focus on employment in monetary policy decision making ignores the very simple fact that printing money doesn’t create jobs”, says ACT Leader David Seymour.


“Monetary policy doesn’t affect employment in the long-term.


“Jobs are created when we have a world-class education system, a flexible labour market, and a sound welfare system. None of these things are related to monetary policy.


“If central banks were able to create

Climate action could cost you $10,000 a year

BY ACT at 26 July, 2018


Climate Change Minister James Shaw today confirmed that the average household could be $10,000 a year poorer as a result of his Zero Carbon Bill.


What is worse, the Minister was not able to say to what extent his Bill would contribute to reducing global temperatures, even after being given a second chance to answer the question.  


The Government’s Zero Carbon Bill discussion document, released last month, outlines a number of scenarios in which households are faced with

Govt admits defeat on charter schools

BY ACT at 24 July, 2018


The Government today has admitted defeat on charter schools by allowing six to remain open, says ACT Leader David Seymour. 


“However, there is still uncertainty over one school thanks to ministerial incompetence.


“Chris Hipkins has finally come to the realisation that the schools are lifting engagement and achievement for about 1500 students. 


“Charter schools are a popular ACT idea – 57 per cent of New Zealanders believe they should stay open.



Capital Gains Tax coming, will be paid by renters

BY ACT at 24 July, 2018


“The Finance Minister’s answers in the House this afternoon show he clearly favours the introduction of a fully-fledged capital gains tax”, ACT Leader David Seymour says.


“Grant Robertson said there was “no doubt” investment needed to be shifted away from the housing market. 


“The Government has ruled out taxing the family, and therefore the largest asset class a CGT would cover is our stock of rental housing. 


“In background papers released online,

Robertson should return surplus to taxpayers

BY ACT at 5 July, 2018


A surplus of more than $5.2 billion in the eleven months to May shows the Government is overtaxing hardworking New Zealanders, according to ACT Leader David Seymour.


“Grant Robertson boasts about being fiscally responsible by ‘running sustainable surpluses’. ACT takes a different view.


“A government surplus is a taxpayer deficit. It means the Government is overtaxing New Zealanders – taking more than it delivers in return.


“Jacinda Ardern and Grant Robertson will tell