ACT Party leader David Seymour via Getty
ACT Party leader David Seymour via Getty

David Seymour: ACT’s Budget for middle New Zealand

Opinion 24/05/2021

It’s easy as an opposition party to oppose everything the Government does, especially this Government. But a good Opposition does more than that. We can’t just oppose, we need propose. ACT is doing just that. 

Last week was budget week. The week when the Government spends billions of dollars of your money. 

I’m not going to go through and offer a critique on all of Government’s decisions. Instead, I’m going to offer you an alternative. 

Last week ACT released our own budget. A budget for middle New Zealand. A budget for the battlers, the Kiwis who work hard but are being squeezed from every direction. Whether it’s rising rents, more at the petrol pump, higher electricity bills or groceries.  For many the cost of living and high house prices means home ownership out of reach for many now and is making it impossible for future generations.

That’s why ACT would make $11.2 billion in savings, taking on $23 billion less debt and deliver $3.8 billion per year in tax cuts.

The average earner will get between $1286 and $2107 in their pocket a year from tax cuts under our proposal. Under Labour if you're a Wellington bureaucrat your wages will be frozen, under ACT you'll have more money in your pocket.  

We’ve always been told if you study hard, get good grades, get a good job, save money, and invest wisely, you’ll get ahead. It’s time we started letting people get ahead instead of punishing them with taxes. 

Fundamentally, our tax system just isn’t fair. Middle New Zealand workers are being taxed as if they’re rich, paying the 33 percent tax rate at just $70,000 a year. We’d cut the 30 percent tax rate to 17.5 percent. We’d cut the 39 percent tax rate to 33 percent. 

It’s time to start spending tax payers’ money responsibly, paying down the debt so future generations aren’t lumped with paying it back and giving people some relief which will ultimately stimulate the economy. 

This is ACT’s proposition this budget week.

This opinion piece was written by ACT Party leader David Seymour.