National Library of New Zealand
Harvested by the National Library of New Zealand on: Aug 27 2009 at 8:40:18 GMT
Search boxes and external links may not function. Having trouble viewing this page? Click here
Close Minimize Help
Wayback Machine

Cullen Sitting On Tax Cut - Plus Change

Posted on 10 Oct 2007

The Government's announcement of an $8.7 billion operating surplus adds further fuel to speculation over whether or not Finance Minister Dr Michael Cullen will use tax cuts to bribe Kiwi voters in the run up to next year's General Election, ACT New Zealand Deputy Leader Heather Roy said today.

"Further, Dr Cullen was unaware when asked in Parliament today that his $8.7 billion operating surplus is broadly equivalent to an across-the-board tax rate of 20 percent - keeping the rate for low income earners at 15 percent," Mrs Roy said.

"The Minister and his Government have recently been under fire for breaking their promise to have just the top five percent of income earners paying the 39 percent top rate of tax, and for not adjusting the threshold for the 33 percent rate to accommodate an increase in the average wage.

"Hard-working Kiwis deserve meaningful tax cuts, rather than having to struggle along while Dr Cullen jealously guards his huge surpluses like Ebenezer Scrooge," Mrs Roy said.


Post new comment

The content of this field is kept private and will not be shown publicly.
  • Allowed HTML tags: <a> <em> <strong> <small> <sub> <sup> <cite> <blockquote> <code> <ul> <ol> <li> <dl> <dt> <dd> <img> <br> <br /> <p> <div> <span> <b> <i> <center> <centre>
  • Lines and paragraphs break automatically.
  • Web page addresses and e-mail addresses turn into links automatically.
  • You may use [view:viewname] tags to display listings of nodes.

More information about formatting options

Copy the characters (respecting upper/lower case) from the image.