The test of urgent legislation is not just what is in the legislation, but what is not. On both counts this National government should be condemned.
It’s the day after the Budget and Parliament is sitting in urgency to debate new tax legislation. The Taxation (Budget Measures) Bill is apparently so important that National have:
- Deferred the main Budget Debate;
- Removed normal select committee review;
- Imposed a retrospective effect.
So what is this tax bill about?
Is it the secret “base broadening measures”; National’s supposed answer to Labour’s future focussed capital gains tax?
Is it the closing of the major loophole by which half of the wealthiest 100 New Zealanders avoid being on the top tax rate?
Is it reinstatement of the Labour Government’s research and development tax credits, the key tool which was stoking our businesses’ engines of innovation?
Er, no, no and no.
The centrepiece of this Bill is picking the pockets of paperboys and papergirls. Urgently taxing toddlers, if you will.
It’s laughable that National’s top economic priority is retrospectively stealing the pocket money of 68,000 kids.
But it’s incredibly sad that this is what government in our beautiful country has come to.
National has wrecked New Zealand’s economy. Just yesterday they unveiled a horrific 17% plunge in exports. But instead of getting a real plan to deliver a brighter future they’re plotting to tax toddlers.
The zero Budget of 2012 is yet another wasted opportunity for a country desperate for change. It’s an insult to ordinary Kiwis who are working harder and longer for less and less. It’s a slap in the face to law abiding families and small business owners who pay their taxes, and who deserve to get ahead instead of being pickpocketed.
New Zealand is losing 1,000 Kiwis every single week. That’s 50,000+ a year.
Unemployment is up by 50,000+ since National took office. The number on benefits is up over 50,000 too.
A zero Budget means zero hope for them, and all New Zealanders.
It also means zero pocket money for paperboys and papergirls.