'Two blocks of cheese' budget too little - Key
Page 1 of 2 ....... Updated 5:28PM Thursday May 22, 2008
By Paul Smith
National leader John Key mocked the Government's tax offering in today's budget, saying it was "too little, too late" and said Dr Cullen expected people to be grateful after nine years for what amounted to "no more than two blocks of cheese".
Dr Cullen unveiled a three-year tax cutting package , with workers on the average $45,000 wage taking home an extra $16 a week from October.
But Mr Key has pledged to top the tax cuts, which will reach $10.6 billion over the next three years.
Speaking in Parliament after the Budget speech, Mr Key said: "Under National, New Zealanders will be better off. Under National, personal tax cuts are a priority."
He did not immediately give any details of what those tax cuts would be.
New Zealand First leader Winston Peters said the Budget had some good aspects but also some missing elements.
Dr Cullen's ninth Budget dropped the bottom tax rate from 15 per cent to 12.5 per cent and raised the 33 per cent and 39 per cent thresholds.
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