九一星空无限

ZB ZB
Opinion
Live now
Start time
Playing for
End time
Listen live
Up next
ZB

The Government belt-tightening that even Seymour thinks went too far

Author
Chelsea Daniels,
Publish Date
Fri, 22 Mar 2024, 9:24am
 Photo / Dean Purcell
Photo / Dean Purcell

The Government belt-tightening that even Seymour thinks went too far

Author
Chelsea Daniels,
Publish Date
Fri, 22 Mar 2024, 9:24am

Associate Finance Minister David Seymour remains committed to cutting back on public spending to fund tax cuts.

The Government has faced pressure in the past week over the promise of tax relief in this year鈥檚 Budget, amid reports of a $3.3 billion fiscal hole over the next four years.

The International Monetary Fund (IMF)听this week听also urged the Government to ensure it can pay for its promised tax cuts without borrowing more.

The IMF again called for introducing a comprehensive capital gains tax, combined with a land value tax, and changes to corporate income tax.

However, two out of three coalition partners have promised no new taxes - with Prime Minister Christopher Luxon听ruling it out earlier this week听and Seymour committing to it today in a conversation with听The Front Page.

鈥淚 think we need to be really clear here - the Government doesn鈥檛 have a problem with not enough tax. It鈥檚 taxing more than any time in history, taxing about 140 billion a year, that is enough.

鈥淭he Government is now having to actually tighten its belt. Long overdue, but we believe we can do it and that鈥檚 more important than adding new taxes,鈥 Seymour said.

鈥淚 see the IMF again saying, 鈥榦h, you need a capital gains tax. Every country has one. The only countries that don鈥檛 have one are New Zealand and Switzerland鈥. But, I say, let鈥檚 be more like Switzerland.鈥

Seymour has been a champion for the Government to find savings. However, there has been one area of belt-tightening that Seymour agrees went too far.

The Ministry of Disabled People听announced this week听new limits on what disabled people could purchase with their funding. It also said there would be changes to how equipment like wheelchairs and home modifications were prioritised.

It prompted a 鈥減lease explain鈥 from Finance Minister Nicola Willis - and clarification from Minister for Disability Issues Penny Simmonds about Budget caps and the fact that order reductions have nothing to do with the Government鈥檚 call for cuts.

鈥淚 think the Minister for Disabilities already said that was a mistake,鈥 Seymour told听The Front Page.

鈥淲hile I鈥檓 all in favour of reducing government spending, cutting taxes, putting stuff over to private enterprise and households and businesses making choices, you know, I鈥檓 that guy - I鈥檇 like to think more than anyone - we do have a responsibility in our society to help people who genuinely have no other source of help and have no other way of changing their situation,鈥 he said.

鈥淎nd a person who is living with a disability, whether they were born with it, whether they have had some sort of accident or event in their life, you know, I think we all have an obligation to help them.鈥

听for more from David Seymour on:

  • Why the Government isn鈥檛 anti-media
  • Why there鈥檚 no such thing as a free lunch
  • His thoughts on Winston Peters comparing the previous government to Nazi Germany
  • The public鈥檚 response to the new government
  • His e-bike accident - and why he鈥檚 not happy with Herald鈥檚 Simon Wilson

The Front Page听is a daily news podcast from the听New Zealand Herald, available to listen to every weekday from 5am. The podcast is presented by Chelsea Daniels, an Auckland-based journalist with a background in world news and crime/justice reporting who joined 九一星空无限 in 2016.

You can follow the podcast at听,听,听, or wherever you get your podcasts.

Take your Radio, Podcasts and Music with you