Work has no answers but documents


‘Handouts are Labor’s answer to all problems, pulling New Zealand down a one-sided path to greater debt and greater dependence on Labor,’ said ACT chief , David Seymour.

“Instead of freebies, Jacinda should give tax relief. ACT’s fully costed alternative budget allows the average full-time worker to keep up to $ 40 more a week on their own money and pay off debt faster, but Labor will continue to rack up debt to buy votes.

“Jacinda admits COVID has driven up the cost of living. It would be more accurate to say that his government’s response to COVID has increased the cost of living. If she wants to tackle the cost of living, she should provide certainty about the COVID recovery, stop borrowing and printing money, and stop piling regulatory costs on almost every industry. economy.

“Labor’s approach to COVID has depended on deficits and inflation. Another document is more of the same thought that brought us here. We have runaway inflation in housing and everyday goods due to the Labor borrowing and printing frenzy, now they promise even more.

“Borrowing and printing was necessary because COVID was so mismanaged. We had the second biggest explosion in public spending in the OECD, even before the current lockdown began. As the rest of the world moves forward, Jacinda insists that New Zealand make its own unaffordable path on the roadmap until the red light.

“Meanwhile, costs are rising because almost every sector of the economy faces regulatory costs. Electricity is on the rise because it is difficult to generate production under RMA. Food is on the rise because farmers face an avalanche of regulations and it is difficult to build a competing supermarket. Housing is on the rise, because in a country covered with pine trees it is almost impossible to build a sawmill.

“Central New Zealand is in a hurry from all sides, whether it’s at the pump, in the vegetable aisle and even at fish and chips, inflation is more than doubling pay increases.

“Not to mention the devastating effect of 30% inflation in house prices on a young generation trying to find its way into the world, hoping to follow their parents and grandparents into a landlord democracy.

“Instead of borrowing billions more, Labor should borrow ACT’s alternative budget which would cut wasteful spending and give tax relief.

“ACT’s alternative budget would reduce the marginal tax rate from 30% to 17.5%. We would cancel the 39% tax rate and we would cancel the change in government interest deductibility.

“Under our plan, the average worker would get between $ 1,286 and $ 2,107 in their pocket per year from tax cuts. They would have more of their own money, at an amount that would actually make a difference.

“ACT will continue to fight for central New Zealand, with fighters being pressed from all sides by this government. “

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