Lorck AnnaANNA LORCK (Labour—Tukituki): Thank you Madam Speaker. Well I was going to start with a chat around Barbara Edmonds who was once Michael Woodhouse's tax adviser when he was in Government. And Barbara made the comment tonight that if she had read that she would have put a big red line through it. Hon Simon Bridges: But what does the member think?ANNA LORCK: What I think Mr Bridges is I think that Barbara Barbara Edmonds who's a member of our Finance and Expenditure Committee who once worked for Mr Woodhouse—Hon Michael Woodhouse: Lucky thing she was.ANNA LORCK: Absolutely—and I think that Mr Woodhouse will agree she was a very good adviser and she would have put a great big red line through this. You ask what I think? I think the advice that she has given tonight is something that I would listen to. Then I would talk about Dr Deborah Russell—another tax expert.Hon Simon Bridges: Run us through CPI.ANNA LORCK: I'm going—do you want to talk about the Consumers Price Index (CPI)? Well the CPI as of course we know is measured on a basket of consumer goods Mr Bridges. And you know—isn't that right? So no houses no houses included. So anyway back to what Dr Deborah Russell said and I'd like to reiterate it because she gave me a good lesson. I was really interested in this. She talked about what a 2 percent inflation rate over three years would put back into the pockets under this Bridges bill. Hmm! If you earn $200000 a year over three years that would be about $1200 a year over it and $23 a week. That's what you get if you earned $200000 a year. Then if it was $100000 it was about $500 and that's $11 a week—$11 a week. Then we've got $60000 to $70000 and that was $430 or about $8 a week. Then when you get down to pensioners and beneficiaries there'd be about half of that. Where is the equity and fairness in that Mr Bridges? You know where is the fairness in that? And then you just don't have answers—never have answers Mr Bridges. Mr Bridges this is your bill and by the end of us talking about it and shooting it down at least the best thing about this is that someone else's member's bill is going to get pulled out of the ballot—hopefully tomorrow—and get another good shot because this bill—and I had a look at it and I thought Well you know when you were in Government why didn't you do it then?"Hon Michael Woodhouse: We did!ANNA LORCK: No you didn't. You didn't. You didn't put this in. It's not in law. Why didn't you do it then? I can't see why you wouldn't have done it then if you were so passionate about this bill. I mean seriously maybe when you get to stand up and talk about it you'll tell us why didn't do it. This is—Hon Michael Woodhouse: The member's run out of material.ANNA LORCK: No I'm engaging across the House with the other side of it—David Seymour: The member—she ran out of material three minutes ago.ANNA LORCK: Oh and then we get on to the ACT Party leader. Hmm! He's got every answer to everything at the moment because he's just loving the sunshine—loving the sunshine aren't you? Loving the sunshine! Inflation is not about—this is not what this is about. This is it: National mocked inflation indexation of income tax thresholds during the Clark Government. National derided Michael Cullen's proposed inflation adjustment to income tax thresholds in 2005 saying they were paltry. David Seymour: Someone get that member some speech notes. Get the member a debate pack.ANNA LORCK: Yes I'm finding some notes now. And National did not introduce inflation indexation of income tax thresholds in their last nine years in Government and now you're sitting over there in Opposition and seem to think that this is a good bill. Well I can tell you what: we're going to vote it down because it's not. Labour does not support this bill which will disproportionately benefit those on higher income tax thresholds. This is not what this Government's about. We're here because we believe in fairness and that's what we do. Good hard-working New Zealanders—that's who we support. I am very pleased to be saying I will not be voting for this in the House tonight. Thank you Madam Speaker."