Your best bet to get tax cuts is to vote for ACT

Tax. It’s Your Money.

ACT’s fundamental belief is that the Government should spend less of your money.
You should keep more of it. You earned it, after all. That goes for both personal income tax that you pay on your salary, and the tax that business owners pay in company tax.

The Government’s accounts are in surplus. The tax taken from New Zealanders exceeds the amount Government is spending – the Government is taking more tax than it needs.
At the same time, taxpayers bear the cost of a large amount of wasteful spending. There are
numerous grants and subsidies given out to support businesses and projects that New Zealanders would never voluntarily invest their money in – golf contests, yacht races, research into the Southland accent, and subsidies to some of our biggest companies.
ACT would make savings by cutting corporate welfare, and would use this money to deliver a company tax cut. We would return government surpluses to New Zealanders by delivering a tax cut in every income tax bracket.

Labour had Hip Hop tours.  National have collected their own list of hard-to-justify expenditure of public money.  Especially the corporate welfare.  

Will there be a company tax cut too?

Business owners will also benefit from a tax cut under ACT. ACT’s policy is for the company tax rate to be set at 25%, a reduction from 28%.

It is unlikely to happen unless National support these changes.   And National are committing billions to additional government expenditure.

Adjustments of tax brackets have been mooted, but tax cuts are going to be hard to deliver for a party such as ACT.

Still, just like NZ First is the only party to stand behind Israel, ACT is the only part to stand behind tax cuts.

You can read ACT’s announcement in full, here.

Ignoring GST, import duties, Fringe Benefit Tax, excise tax and perhaps a few more I can’t immediately recall.

With Working for Families untouched, it will remain to be seen where the true Net Taxpayer boundaries will lie under this proposal.

However, taxes not paid stay in your pocket.  That’s the point.

 

– ACT


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