NZ First now kings of corporate welfare

BY ACT at 23 August, 2018


 

“NZ First have taken over the National Party’s mantle as the kings of corporate welfare with its support of the horse racing industry”, says ACT Leader David Seymour.

 

Radio New Zealand this morning reported that millions from the NZ First Re-Election Fund – also known as the Provincial Growth Fund – would go to build new all-weather racing facilities. This comes after earlier revelations the industry would be given tax breaks by the


Shane Jones’ gravy train travels south to Taranaki

BY ACT at 6 April, 2018


 

“Shane Jones’ corporate welfare gravy train has continued its travels south to Taranaki today”, says ACT Leader David Seymour. 

 

“The Provincial Growth Fund is a continuation of the crony capitalism of former Economic Development Minister Simon Bridges. Although it has a new name, the logic is identical: handouts for votes. 

 

“Aside from securing support for NZ First in the provinces, there is no justification for this fund. 

 

“More economic activity in Taranaki will


Cut Corporate Welfare Before Going After ‘Rich Pricks’

BY ACT at 14 March, 2018


 

“The Government should be focussed on reducing wasteful spending before introducing new taxes”, says ACT Leader David Seymour.

 

“$1.6 billion of corporate welfare is doled out to politically-connected businesses each year. If Grant Robertson was able to do away with this expenditure, he would be able to cut the corporate tax rate by 6 percentage points – boosting wages, jobs, and growth – rather than increasing it as he intends.

 

“The outcome


Govt Easily Blunts Nats’ Corporate Welfare Attack

BY ACT at 28 February, 2018


 

“This afternoon, we witnessed in striking terms that National is no longer a credible voice for taxpayers”, says ACT Leader David Seymour. 

 

“During Question Time, Simon Bridges got zero traction while trying to attack the Prime Minister over the Provincial Growth Fund because, until 6 months ago, he was running the corporate welfare policies he is now seeking to discredit.

 

“Steven Joyce later desperately tried to claim credit for funding all of


Bridges/Jones Corporate Welfare Machine Stutters

BY ACT at 28 February, 2018


 

“Expect three years of fraud and waste as politicians desperately seek to buy votes and businesses clamour to get their hands on $3 billion of funds”, says ACT Leader David Seymour.

 

RNZ has revealed that a major shareholder in a project backed by the Provincial Growth Fund has been investigated by the Serious Fraud Office.

 

“The Cabinet paper setting up the Provincial Growth Fund (PGF) frankly admits that some ventures backed by the