Nash StuartHon STUART NASH (Minister of Revenue): I'm just going to take a very short call just to highlight a couple of things that the previous speakers have highlighted. The Rt Hon David Carter suggested that we have a much higher tax bracket for those earning a lot of money. Now I don't see that on Mr Bayly's Supplementary Order Paper (SOP) 250. Is that going to be part of National policy? Are you going to put it at 45 percent at $150000? The member did say Look at Australia." and Australia I think has 45 percent at $175000 or $150000. So that mightn't be a bad suggestion. I look forward to that being in the National Party tax policy heading into the next election. We may be seeing it earlier under an SOP coming in the next hourThe other thing I would say is I challenge both those members to come to Hawke's Bay and to talk about Mr Jones' fund as a Northland slush fund. What happened in Hawke's Bay over the last couple of weeks is the Provincial Growth Fund actually opened up the Napier to Wairoa rail link that was closed in a slip and the previous Government refused to fund it. There's a business case from Wairoa to Gisborne which is going to open up that side of the rail link. I can tell you the companies and the businesses up there that need to send their produce to port can do it on rail to Tauranga—it's a long way—or on rail to the Port of Napier. It's a hell of a lot cheaper and we take a whole lot of trucks off the road. That is about economic growth that is about creating jobs and opportunities in our regions. So I completely refute—completely refute—the suggestion that Mr Jones' Provincial Growth Fund is not adding value because in Hawke's Bay it is absolutely adding value.I can also say as the Minister of Fisheries there's about seven projects so far totalling about $10 million into aquaculture. This is adding substantial value into an industry which has been undercapitalised—it's been undercapitalised. There's going to be jobs there's going to be growth and there's going to be economic development.I think this is fantastic and to say what we're going to do is say no to the regions—no money for the regions because Mr Bayly wants a tax cut—it doesn't work that way I'm afraid Mr Bayly. We believe in the regions. We're backing the regions because we think that it's not just open roads that need funding; we think it's about provincial New Zealand also needing a hand.The other thing I would say is the way things work in this country it's about targeted relief—it's about targeted relief. So I remember when Working For Families came in; I think the former Prime Minister John Key—did he call it "communism by stealth"? Is that what it was?Hon Ruth Dyson: That's right.Hon STUART NASH: Communism by stealth. And then his Government actually adjusted the thresholds because he saw it was actually working and it was targeted and it provided relief to those who really needed it. This is what this Government's done; it's not saying "Tax cut for everyone. Tax cut for the very wealthy as well as the poor." It's saying "To those for whom life is a struggle we will help you out. We will help you out. We'll give you the winter warm up for example—we'll give you the winter warm up because we know it's hard work." It's about targeted relief for those who really need it. Whereas Mr Bayly—I don't think Mr Bayly needs a tax cut. I could be wrong—I could be wrong. I don't think that Mr Carter needs a tax cut or Mr McKelvie needs a tax cut. I don't think Mr Scott needs a tax cut. Maybe I'm wrong. But there are Kiwis for whom life is a challenge and it's this Government's role to make sure that they have the ability to live with dignity. That is why we have a targeted funding scheme to help out those people as opposed to just a carte blanche tax cut for everyone. Now Mr Bayly's SOP is actually out of order but that's beside the point. We think we've got it about right. We are continuing the tax rates as they've been for about the last seven or eight years as that member's Government had. As I said Governments have choices and we have made the choice to rebuild New Zealand's social infrastructure and to ensure those for whom life is a challenge have the money to live with dignity. That's a choice this Government has made. That is why we will not be supporting Mr Bayly's SOP that says a tax cut for everyone and no targeting. Thank you."