Tuesday, July 19, 2005
National's tax 'cuts'.
I for one am really looking forward to National's tax policy. After so much hype, build up and expectation it had better be good or my pick is that it could hurt them in the polls.
The timing of personal tax rates is expected a few after Clark announces the election date.
John Key has given no details of the personal tax cuts. But what does the Herald say about them today:
"...they are expected to offer relief through a combination of threshold movements, rate cuts and minor changes to Labour's Working for Families tax credit and income assistance package. Mr Key said any major changes to Working for Families would only come once National was in power, because of its complexity".
So, a mish-mash of this, that and the other. Sounds no better than Cullen's budget where he adjusted this, played with that and then dressed them up as "tax cuts". In short, it sounds dopey.
Oh, what else did Key say: "National was not looking at "extremist" policies like Act's where the government would play virtually no role, Mr Key said".
Extremist? My opinion of Key has dropped tenfold. Brash supports Act's tax policy. Will Key stand up and call his leader "extremist"? That is the statement of a confused man. But then, am I surprised?
Key is now all boxed in after signing up to the Cullen Fund, ($2 billion a year) which restricts National. National is, as Rodney says, all "hot air" on tax. It talks big then retreats as it did with welfare, Cullen Fund and nuclear ships.
And what does a real economist think?
"Brendan O'Donovan said he believed there was scope for tax cuts - and maintaining current spending plans in areas such as welfare, health and education...tax cuts allow the expansion of the economy's productive capacity by leaving more for private investment, stimulating employment and attracting people to work and stay in New Zealand."
National won't deliver tax cuts. It will deliver a mish-mash of this, that and the other. It will be no better than Cullen's budget. National is bound to retreat into its conservative shell.
The timing of personal tax rates is expected a few after Clark announces the election date.
John Key has given no details of the personal tax cuts. But what does the Herald say about them today:
"...they are expected to offer relief through a combination of threshold movements, rate cuts and minor changes to Labour's Working for Families tax credit and income assistance package. Mr Key said any major changes to Working for Families would only come once National was in power, because of its complexity".
So, a mish-mash of this, that and the other. Sounds no better than Cullen's budget where he adjusted this, played with that and then dressed them up as "tax cuts". In short, it sounds dopey.
Oh, what else did Key say: "National was not looking at "extremist" policies like Act's where the government would play virtually no role, Mr Key said".
Extremist? My opinion of Key has dropped tenfold. Brash supports Act's tax policy. Will Key stand up and call his leader "extremist"? That is the statement of a confused man. But then, am I surprised?
Key is now all boxed in after signing up to the Cullen Fund, ($2 billion a year) which restricts National. National is, as Rodney says, all "hot air" on tax. It talks big then retreats as it did with welfare, Cullen Fund and nuclear ships.
And what does a real economist think?
"Brendan O'Donovan said he believed there was scope for tax cuts - and maintaining current spending plans in areas such as welfare, health and education...tax cuts allow the expansion of the economy's productive capacity by leaving more for private investment, stimulating employment and attracting people to work and stay in New Zealand."
National won't deliver tax cuts. It will deliver a mish-mash of this, that and the other. It will be no better than Cullen's budget. National is bound to retreat into its conservative shell.
Comments:
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Well, a bad tax policy from National can only hurt them and help ACT, but the problem will be it will still lead to a government involving Winston First the one thing we don't want.
actually i think i may have picked up a hint from John Key when he came here to visit Canterbury university, he said really the only difference any tax cut is going to make is if you change the top tax rate - so i kinda get the feeling they're just gonna leave the top rate as it is and change the middle and lower rates around to make people think golly gosh what lovely people these Nats are, when it really makes no difference to the government's fiscal position
Because I want to be young enough to be able to read it without glasses you old fossil you! ;-)
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