ACT will remove the cap on generosity

“If New Zealanders want to give to a good cause they should be encouraged to do so. ACT’s Fiscal Plan, released on Sunday, will do away with the $33,333 cap on the tax benefits available for charitable donations,” says ACT Leader David Seymour.

“A small number of generous donors have changed lives for an enormous number of Kiwis. Their generosity should be welcomed, not punished.

“Just look at the good these donations bring about. In Wellington a brand-new children’s hospital has opened, this wouldn’t have been possible without the generosity of Sir Mark Dunajtschik and Dame Dorothy Spotswood.

“Starship is another example of what New Zealand can achieve, and it wouldn’t be possible without the kindness of people who are willing to give some of what they’ve earned to help someone else live a better life.

“ACT’s plan for New Zealand’s first Comprehensive Cancer Centre will also be achieved by partnering with New Zealand’s leading philanthropists, families, businesses, charitable trusts, community organisations and successful Kiwis, we can build something extraordinary.

“If New Zealanders want to give $1 million, $10 million or more to cancer care, medical research or other causes, the tax system should encourage that generosity, not impose an arbitrary ceiling on it.

“On Sunday ACT will release its fiscal plan. It will remove locks on New Zealand’s potential like the charities cap, and it will get rid of the waste that prevents us from growing the economy.”