Differing views on tax reform
Parliamentary reporter The Prime Minister (Mr Muldoon) had said that tax reform would have no effect on inflation, but the Minister of Trade and Industry (Mr Templeton) was in disagreement with him, the Labour member , of. Parliament .for Lyttelton, Mrs Ann Hercus. has said.*’- •
Mr( Templeton had said that wage and.-salary earners had to spearhead the attack on inflation, one of the limpest .statements she had heard from a Cabinet Minister, she said.
Wage and salary earners were not outstripping inflation. If a taxpayer's gross income rose 15 per cent to keep abreast of inflation, tax took it back by a relative 20 per. cent, she said.
The Government should spearhead the attack on inflation by showing some sensible restraint in prices over which it had contol, such as electricity, , postal, and transport charges, and the price Of milk, she said.
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Press, 17 April 1982, Page 7
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146Differing views on tax reform Press, 17 April 1982, Page 7
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