MONDAY’S tax cut announcement by the Coalition means the election campaign is off to a good start. Economic policy has been moved to the top of the political agenda, as it should be.
At the end of the first Kyoto commitment period in 2012, New Zealanders will owe about NZ$4.2 billion – or about NZ$1000 per person. So, in a nutshell, the main effect of Kyoto will be for New Zealand taxpayers to subsidise bad economic policies by politicians in the former Soviet Union. Does Kevin Rudd have similar plans for Australia? History suggests Labor has a strong record of reducing greenhouse emissions. The only prime minister who has managed to do it was Paul Keating in the early 1990s, when he engineered “the recession we had to have” and our emissions levels plummeted. Perhaps this is exactly what Rudd has in mind.
Read the entire article entitled ‘Committing to Kyoto would come at cost’