Davis Kelvin: KiwiSaver Budget Measures Bill — First Reading Second Reading In Committee Third ReadingText is incorporated into the Bound VolumeDavis Kelvin: KiwiSaver Budget Measures Bill — First Reading Second Reading In Committee Third Reading[Sitting date: 21 May 2015. Volume:705;Page:3821. Text is incorporated into the Bound Volume.]KELVIN DAVIS (Labour—Te Tai Tokerau):I would just like to take issue with my own colleague Chris Hipkins because towards the end of his speech he said that KiwiSaver is a good scheme. Let me tell you this: KiwiSaver was a good scheme. It was a good scheme in 2006 when Michael Cullen had the courage to set up a far-reaching scheme with a vision for the future. But what has happened? All we have seen under this Government is KiwiSaver get cut cut cut cut cut. Eight cuts we have heard of today.There was the minimum member contribution cut. That has been taken. The member fee subsidy—that has been cut. The employer tax credit—that has been cut. Compulsory employer contributions—they have been cut. The member tax credit—that has been cut. And now the $1000 kick-start—that has been cut. We have a member on that side of the Chamber saying they will still be able to get $521 in annual payments. I just query how long before that $521 a year is also going to be cut. The KiwiSaver scheme has been absolutely gutted.The Government lacks vision. They lack courageous policy. The KiwiSaver policy was far-reaching. It was going to help our generations into the future and that is why I say that this bill should be named the “Dismantle Our Children’s Future Bill”. It is just dismantling the future so that people can scrape by in the present. It is doing nothing at all to look after future generations. This is terrible.We had Nick Smith sitting over there. He was throwing figures around facts and figures. He is trying to make himself sound intelligent and then he says that New Zealand is the first country to get into the black. I was sitting here and on Thursday I am sure I heard the Minister of Finance say that we are still in deficit. I am positive that is what I heard. Two days later Nick Smith is standing up and saying we are in the black. He does not even know his colours let alone his figures and that is why I resent that party over there standing up and saying that this side of the House does not know what we are talking about when it comes to the economy. It is an absolutely shameless distortion of the truth to hear these people say that they know what is good for the country.National has absolutely gutted KiwiSaver. This bill should be called the “Money-Go-Round Bill” because all it is doing is taking from this side and giving it over here. There is absolutely no long-term vision. This is just about living in the present. The difference between our side of the House and that side of the House is that we do not only live in the present; we live in and think about the future. We think about the future and our kids and we know that there are going to be more good moments in the future not just living here and thinking about this moment in time just to make ourselves look good in this moment in time. It is about thinking about the future.Working for Families was thinking about the future. And as we have heard John Key was the man who said this is communism by stealth. That party over there is taking credit for our policies. That party over there is taking credit for what this side of the House did those years ago. KiwiSaver—those members are saying there are 2.5 million people on KiwiSaver. And it is just more popular than ever—well it is more popular because it was a courageous policy from this side of the House and now National members are taking credit for it. They live in the past; we think about the future. They are taking credit for what the last Labour Government did in 2006. That is because Labour always thinks about the future. Labour thinks about what we are going to do to make the country better off in the future. These guys are just worrying about the next Budget.Five hundred and twenty-one dollars a year—I would say that is going to go from KiwiSaver in the next Budget. And we are going to have the ninth cut to the KiwiSaver policy. National is just making things worse for the future. It has absolutely no idea about how to make the lives of our children better off. This is a panicked knee-jerk reaction—