ACT will push the Government hard to follow through on tax cuts and road pricing, says party leader David Seymour.
“Steven Joyce made all the right noises on tax cuts and demand-based road pricing in his speech today. This comes after constant pressure from ACT to adopt these ideas.
“Unfortunately, National has a depressing record of campaigning from the right and governing from the left. They talk about respecting taxpayers and then introduce new taxes. They talk about cutting red tape but then introduce new flawed regulations.
Labour’s record on housing is even worse than National’s, says ACT Leader David Seymour.
“Labour are right to point out the extent of our housing shortage. But their policy of making the government build houses won’t address the causes of the shortage. Instead, the government will face the same barriers that private developers do: a wall of red tape in building and a lack of residential-zoned land.
The Finance Minister has admitted that the Government doesn’t know how proposed Debt-to-Income (DTI) limits would measure debt held overseas.
“Capping the funds so you can borrow to a ratio of your income would give a systematic advantage to those who can borrow offshore either personally or through family, because the New Zealand Government cannot possibly monitor financial transactions worldwide,” says ACT Leader David Seymour.