I just don't believe it ...
Labour have finally annouced their tax cut plan. And already included an out by saying that they would not borrow, cut services, increase inflation, or let tax cuts increase social inequalities - which sounds like a pretty grudging promise, which will be withdrawn if Cullen gets out the wrong side of bed.
Of course, Labour and Cullen has form when it comes to cancelling promised tax cuts. In 2005, Cullen announce adjustments to tax rates (The infamous 'chewing gum' tax cuts) and cancelled them in 2007.
And in 2000, Labour cancelled the tax cuts promised in the previous budget (presented by National's Bill Birch) and instead introduced a new 39 cent rate on income over $60,000.
And in the past eight years, Labour have introduced many new charges, levies and duties. One of the most ludicrous was increasing the duty on sherry - to combat youth drinking. And my favourite is the way Labour keep adding new taxes onto petrol, each time claiming that the new levy will be the one that will pay for new roads.
Frankly, I don't trust Labour to deliver these tax cuts.
Of course, Labour and Cullen has form when it comes to cancelling promised tax cuts. In 2005, Cullen announce adjustments to tax rates (The infamous 'chewing gum' tax cuts) and cancelled them in 2007.
And in 2000, Labour cancelled the tax cuts promised in the previous budget (presented by National's Bill Birch) and instead introduced a new 39 cent rate on income over $60,000.
And in the past eight years, Labour have introduced many new charges, levies and duties. One of the most ludicrous was increasing the duty on sherry - to combat youth drinking. And my favourite is the way Labour keep adding new taxes onto petrol, each time claiming that the new levy will be the one that will pay for new roads.
Frankly, I don't trust Labour to deliver these tax cuts.
posted by Michael at
6:12 PM
2 Comments:
While I believe that promising tax cuts is a cheap election bribe on the part of both major parties, I do think it's a bit unfair for you to take Labour to task in your post for not honouring the outgoing government's promise to cut taxes.
By
Richard, at 3:50 PM
It wasn't just a promise - Labour had to repeal legislation to stop the tax cut going ahead.
You might want to read up on Patrick Caragata and his work on why cutting taxes is good for New Zealand.
By
Michael, at 8:48 PM
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