Source: Taxpayers Union
18 JUNE 2020FOR IMMEDIATE RELEASE
A 1.6% drop in GDP for the March quarter – the largest quarterly fall since 1991 – shows that now is a disastrous time to increase taxes.New Zealand Taxpayers’ Union spokesman Louis Houlbrooke says, “It boggles the mind that the Government plans to plow ahead with a hike in fuel tax and road user charges, just as productivity is falling off a cliff. Meanwhile, bracket creep continues to push up effective income taxes.””An urgent change in direction is needed to acknowledge that New Zealanders need relief, not new costs. When will the Prime Minister rule out new taxes?””A borrow, spend, and hope policy is not the way out of an economic recession. The Government must outline a strategy that encourages New Zealanders to be productive and get the economy back on track.”
