Budget Day: Open Debate [update 4]
I know there are plenty of intelligent readers out there with plenty to say about all the new theft announced this afternoon, so let’s use the power of the internet to get your thoughts recorded here.
Which is to say, this is an Open Debate on the Budget.
Go to it!
“1:58pm: Bill English is looking fabulous in his trademark black suit, and the camera is adoring him.
2:01pm: English places the One Ring on his finger and begins speaking.
2:22pm: English announces everyone will get a pony. Those on lower tax brackets will get dead ones.
[Read on for more]”
“The government’s decision to go ahead with across-the-board income tax cuts and make a surprise drop in the corporate rate, even if offset by a rise in consumer taxes, show it's a world away from its predecessor, which saw tax as a means of sharing rather than generating wealth.
“You could call it the ‘tall poppies’ budget, because it will benefit those who are likely to do most to lift New Zealanders’ living standards, reduce the government’s deadweight impact on the economy, and provide greater rewards to those who deserve it…
“Today’s budget won’t provide any ‘step change’ in the economy [he sure got that right – Ed.]—but it will finally unwind some of [Cullen’s] more egregious drags on the economy, while also trying to keep government spending increases to a minimum during a time of recovery. For NBR’s full budget coverage click here.
Labels: Budget and Taxation
posted by Peter Cresswell at 2:39 pm