Scoop NEWS by TOPIC Looking at EXPORTING? "The chewing gum tax cuts were axed to pay for Labour's promises at the last election. Clearly, under Labour the over-taxation of New Zealanders will always take second place to things like departmental advertising budgets, bonuses for corrections staff, prison landscaping and bureaucrats.
" "A National-led Government will introduce a credible programme of tax cuts." Mr Key says exporters who are also feeling the pinch from the soaring Kiwi dollar would welcome Government restraint. "The Reserve Bank Governor has been repeatedly warning Helen Clark that her big spending plans are putting pressure on interest rates and subsequently helping to keep the dollar high.
"Because of Labour, the dollar and interest rates will stay higher for longer. Householders and exporters will continue to pay the price for Labour's lack of discipline. "Helen Clark and Labour keep trying to say the economic climate is someone else's problem.
Unfortunately for them, the Treasury papers lay a good portion of blame back in their laps.
News RSS