Well, up until now, it's everyone's fault except ours! Food prices, fuel prices, credit crunch and drought
- Tax Cuts on 1 October - base rate and threshhold changes - top tax rate threshhold out to $80k
- Tax at minimum wage drops by 1/4; at the average wage by 1/6; at the top rate by 1/8th
- Super is up - Winston will be grinning!
- $63.6m extra for Early Childhood Education - welcomed by me, but I need to see the details
- Rail & ferry services - he's talking this up! Big push for rail in Auckland - electrification & tunnels under the harbour - no specifics in $$$'s though
- Broadband investment - no "monopolies" allowed - $500m over five years as part of a ten-year plan
- Increases in business tax filing threshholds - hopefully IRD might be easier to deal with!!
Cullen finishes with a self-congratulation on being the first Finance Minister since 1948 to present nine consecutive budgets.
Key is speaking now, referring to "Michael Cullen's ninth and final budget" - Key says "He read it, but he didn't believe it". Has just called the tax cuts for the average family as "the same as a family block of cheese" and referring to the two-year wait for Stage 2 as`"a long time between toasated sandwiches"!
5 comments:
Not nearly enough.Goodbye Cullen and co.
Thanks for nothing Labour. These chumps are history....
You don't get it. It's worse than nothing. It's 1990.
Cullen leaves English with no choice: he's already said that any and all of Cullen's spending commitments will not be kept by an incoming National government and that retrospective legislation will be used if necessary to reverse them!
That's real balls and real policy
Whereas Cullen says things like "NZ has the fifth cheapest petrol in the OECD" - well it simply doesn't. That doesn't take into account NZ's really low wages: funnily enough, when wages are factored in NZ has the most expensive petrol in the world simply because its wage rates are the lowest in the OECD, and its benefit rates and benefit takeup %ages are the highest.
Increasing the tax brackets till 2011 is all fine but what about 2012, 13,14.....
After 2011 we will all be suffering from bracket creep again.
Can't they legislate that the tax codes are inflation adjusted every year?
Rachael
Can't they legislate that the tax codes are inflation adjusted every year?
Christ you're naive. Which state school are you still at?
Don't you remember Chewing GUM?
the answer is they can, they did then they fucking cancelled it
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