The Budget's big and small print

Michael Cullen’s Budgets have big print and small print. You can win on one and lose on the other. So with business in this Budget.

A 30 per cent tax rate is a big plus and matches Australia — better than matches if Australian add-ons are taken into account. Tax credits for research and development are a plus. There are handouts for some exporting and industry training. read more

Cullen's two conundrums behind the 2007 Budget

Early in his parliamentary career Shane Jones, as newly minted chair of Parliament’s finance and expenditure committee, was manoeuvred by the National party into an inquiry into Television New Zealand.

The inquiry will be remembered not for a revitalised and bouncy TVNZ but for giving rise to a landmark “privilege” case in which Parliament, to its disgrace, fined the TVNZ board for disciplining outgoing chief executive Ian Fraser for bagging it at Jones’s committee. read more

National's climate change: a flanking movement

The National party has dropped its opposition to the Kyoto protocol on climate change and is “looking at” a 50 per cent cut in greenhouse gas emissions by 2050. Quite a change of climate in a party which a year ago still herded with the sceptics.

John Key will spell out his thinking this coming weekend. But the new breeze is already blowing through the party. read more

Good things in small parcels

Commerce Minister Lianne Dalziel is miffed. New Zealand is only the fourth easiest country to set up a business in. She vows it will soon be the easiest, by way of a sort of one-click shop that does all the registrations. It will be a small gain for the country but a big gain in a new small business’s scheme of things. read more

How about this time a social "investment" Budget?

The fridge breaks down. Taps leak. The lawnmower is stolen. The roof leaks because the repaint is five years overdue. You can’t get on top of the to-do list.

Welcome to the fifth Labour government midway through its third term. Can this month’s Budget rescue it from its downslide?

Labour shows no sign of getting off the four-and-a-half-year downward trend in its poll averages since late 2002. And that’s also the tone of public discussion. read more

Turning spending into investment

When is spending an investment? When it builds up capital stock and generates a return. Can the government think that way?

It can in the narrow sense of how the super fund is managed and to a small extent in financing infrastructure. But what about the “social” services which eat up the great bulk of its budget? read more

Ruth amid the alien corn

Colin James’s paper to the Victoria University political studies department and Stout Centre conference on “The Bolger Years”, 28 April 2007

I owe the title to Margaret Clark’s quotation from the Bible last night (though of course I am quoting not from the Bible but from Keats’ biblical allusion in Ode to a Nightingale). My reference and Margaret’s recognise that to those of “the Bolger years” the Christian cultural heritage — I emphasise cultural heritage — was a widely understood shorthand and, of course, Jim and Joan Bolger are practising Catholics. I realised a decade or more ago that I could not expect biblical allusions in my columns to be generally understood. Under-40s, not having been taught in school that dimension of our cultural heritage, have no automatic link to a value-system which in large part identified this society for most of its post-1840 history. The loss of that cultural identifier meshes with Wyatt Creech’s point yesterday that already the 1990s have the ring of ancient history. read more

Anzac Day: it's all about being independent, isn't it?

Is Anzac Day about war or about independent nationhood? We don’t seem these days to be able to make up our minds.

Every year a minister goes to Gallipoli to commemorate our defeat there at the hands of British political and military genius. This year it is Winston Peters’ turn. Helen Clark went and she set up a prize for kids writing about our military history. read more

A roadmap for dealing with the Australians

Top of the John Howard’s agenda for his meeting with his state premiers on Friday was climate change. Worms turn when the weather turns bad.

And the weather has turned bad.

First, a drought so dire that parched Australians are attributing it at least partly to climate change. Howard has a grand water plan. read more

A modern Easter message of justice

Jesus Christ was a criminal — at least, he was branded as such and excruciatingly executed for it in accordance with the law. That is Easter. That was justice then.

Well, they were rough times. Christ was a rebel and a nuisance to the authorities in a region that was troublesome to the world’s greatest empire (as it is now). So he was strung up. read more