Bad numbers for Government justify Willis delivering "emergency budget" to kick-start growth

The Taxpayers’ Union is joining the Auckland Chamber of Commerce in calling for Finance Minister Nicola Willis to deliver tax relief stimulus through an emergency 'mid-year' budget to jolt the economy back to life.

Taxpayers’ Union spokesperson Tory Relf said:

"Going slow on the 'go for growth' isn't working."

“The economy is stalling. Growth has not been delivered and New Zealanders can’t afford to wait. The economic numbers demonstrate that the country needs urgent action to get the economy back on track. Waiting for yet more OCR cuts won't cut it.”

“Bold action is warranted."

"The Chamber appears to prefer a reduced corporate tax rate, while the Taxpayers' Union prefer full capital expensing. Either way, these are proven pro-growth policies. Done alongside proper savings in government spending, we can stimulate the economy without making the debt problem worse."

"Every day we are seeing numbers in the media demonstrating that only bold action will deliver growth.”

“Businesses need the confidence to invest and hire now, not years down the track - when it's quite possible another Finance Minister will be in charge.”

“The Minister has a choice: move now to get New Zealand moving before next year's election, or preside over more drift, missed opportunities, and more pain for voters.”