Excuses to avoid tax cuts don’t stack up

The Government’s excuses for delaying tax cuts don’t stack up, says ACT Leader David Seymour in the wake of Treasury’s Half Year Update.

“Bill English admitted today that, even after earthquake costs are taken into account, a $473 million surplus remains. So why is Bill English talking down tax cuts when he knows he can afford them?

“We could, for example, update tax brackets to reflect changing incomes. It’s ridiculous that workers enter the top (33%) tax bracket when they earn just $70,000.

Free Press - 5/12/2016

Congratulations to John Key
For eight years, John Key has successfully guided us through a financial crisis, the Rena disaster, and major seismic upheaval. All the while businesses have enjoyed the confidence to grow under a stable, orthodox economic programme. In resigning, John Key has pulled off the rare trick of recognising his own political mortality before having to experience it first-hand. More importantly however is the chance this gives him to reclaim a normal life with his family. He’s certainly earned it.

ACT congratulates John Key

“The ACT Party congratulates John Key on eight years as Prime Minister, and the noble way he has bowed out,” says ACT Leader David Seymour

“Under John’s leadership, the Government has steadfastly maintained New Zealand’s policy settings.  As a result, we remain at the top of almost every international league table for good policy settings. In the long term, all Prime Ministers are judged for the policies they leave behind, and John will be judged well.

Free Press - 28/11/2016

Tax Cuts Endure Earthquake
News of the Kaikoura Earthquake has only temporarily derailed what will be one of the biggest issues in election year. Early estimates of $3 billion in recovery costs won’t come close to absorbing $20 billion of surpluses coming down the line over the next four years. The yesterdays of Labour, the Greens, and New Zealand First inventing things to spend enormous surpluses on are back.  They will campaign on spending enormous amounts of money – yours.

Greens' calculator overpromises

“The Greens have never been up to it when it comes to finance and economics, and their student loan savings calculator, which misleads students, is more proof," says ACT Leader David Seymour.

Greens' economics blindspot takes you faster into debt

“The Greens’ Faster Into Homes policy is a cute piece of political marketing that will hurt the young people it is trying to help,” says ACT Leader David Seymour.

“The fundamental problem is that once you’ve saved for a deposit you have to start making repayments to your mortgage, but under the Greens’ plan you’ve still got your student loan taking 12 per cent of your income.  Not only does that reduce your ability to pay a mortgage, banks will likely take it into account, demanding higher deposits and or higher interest rates.

MPs should lighten up on Uber as they may soon need new jobs

The clash between archaic attitudes and modern technology couldn’t have been made starker than by the attitudes shown by Select Committee MPs when Uber testified at parliament today, says ACT Leader David Seymour.

Politicians must take Treasury’s long term position report seriously for young New Zealanders

ACT alone is calling for a debate over the sustainability of New Zealand Superannuation, says Leader David Seymour as Treasury releases its fourth long term fiscal update.

The release comes a month after Retirement Commissioner Diane Maxwell said that our current settings are unsustainable and, sadly enough, every political party except ACT ran for the hills.

ACT condemns Imam’s platform of intolerance

ACT Leader David Seymour has joined the Government in condemning the anti-Semitic speeches delivered by a Manukau Imam.

“New Zealand is built on a basic cultural foundation of tolerance and respect for other peoples’ freedom to lead peaceful lives,” says Mr Seymour.

“By suggesting Muslims shouldn’t accept Jewish people for who they are, Dr Mohammad Anwar Sahib has condemned the freedom that makes our country great.

Unelected, overfunded volcanic quango breaks government promises without consultation

The Maunga Authority’s refusal to consult the public over planned vehicle bans on Auckland’s volcanic sites is disgraceful, says ACT Leader David Seymour.

“The unelected Maunga Authority haven’t consulted with the people who actually use the mountain, which makes a mockery of their claims of public support. If they really do have public support, then they shouldn’t be afraid of consultation.