“Grant Robertson will allow new benefits to rise in line with inflation while tax brackets will remain the same pushing middle income New Zealanders into the highest bracket”, says ACT Leader David Seymour. Mr Seymour has introduced an amendment to the Government’s Families Package Bill which would allow the Minister of Finance to index tax brackets to the rate of inflation, but Labour the Greens and New Zealand First voted against it. “We see the
“Bill English and Steven Joyce are crying crocodile tears over tax cuts that never existed”, says ACT Leader David Seymour.
“If National wanted to complain about the new Government raising taxes, it should have cut them instead of just talking a big game when it was in power.
“The new Government’s mini-Budget extends National’s tax and spend approach.
“It is determined to roll out universal welfare programmes like fees-free university and winter energy payments
Pessimism about the economy
The Finance Minister confirmed that bank economists were warning of dark clouds approaching the New Zealand economy.
Business confidence has fallen to an 8-year low on the back of uncertainty over the new Government’s quixotic schemes.
Paying lip-service to fiscal discipline
In front of a business crowd, Robertson hit the right notes by talking about getting “value for money”.
ACT is deeply sceptical.
“The Government’s directive to further restrict the sale of land to overseas investors will wipe millions off working farmers’ hard earned wealth,” says ACT leader David Seymour.
“It’s an outrage that small family-owned farms of only five hectares will see thousands shaved off their land value and our Government punishing Kiwi farmers for their hard work. It’s a stealthy land tax by Labour.
“The Government shouldn’t be getting in the way of a willing buyer
“The Government’s announced $4m Tax Working Group has already ruled out so many options it should be pronounced Dead on Arrival and stopped” says ACT Leader David Seymour.
“Its terms of reference make it so barren it is reminiscent of Grant Robertson’s overegged ‘Future of Work’ project, which ended up reading like a c-grade social studies project. The problem is now he’s playing with other people’s money, and the remaining ‘in-scope’ parts are dangerous and stupid.