Wednesday, July 06, 2005
National's 'tax' policy release.
Just thought I'd put my comment on it here, as taken from Jordan's blog.
Yeah, real good stuff aye.
The policy is a backward step.
What New Zealand needs is comprehensive tax cuts without strings attached, so we can make up their own minds how they spend our money without having National or Labour telling them us how to do it.
National's policy is a total abandonment by the party of any principle of sound tax design and the philosophy that hardworking Kiwis should keep more of the money they earn with no strings attached. Who keeps all their daycare receipts? Very burdensome. Then you have to hire accountants to do your return etc. What a nonsense.
National's policy complicates the tax system. It only lets you keep more of your money if you send your children to daycare. It discriminates against parents who stay at home and look after their children.
The best policy is ACT's tax policy of dropping the top tax rate to 25c in the dollar and extending the 15c rate up to $38,000. That will allow parents to afford childcare if that is their choice, or to spend their money looking after their children as best they see fit.
National is returning to complication. What's next? Tax rebates for paying off student loans or saving for retirement.
Don Brash is already compromising National's principles. Unsurprising really.
Yeah, real good stuff aye.
The policy is a backward step.
What New Zealand needs is comprehensive tax cuts without strings attached, so we can make up their own minds how they spend our money without having National or Labour telling them us how to do it.
National's policy is a total abandonment by the party of any principle of sound tax design and the philosophy that hardworking Kiwis should keep more of the money they earn with no strings attached. Who keeps all their daycare receipts? Very burdensome. Then you have to hire accountants to do your return etc. What a nonsense.
National's policy complicates the tax system. It only lets you keep more of your money if you send your children to daycare. It discriminates against parents who stay at home and look after their children.
The best policy is ACT's tax policy of dropping the top tax rate to 25c in the dollar and extending the 15c rate up to $38,000. That will allow parents to afford childcare if that is their choice, or to spend their money looking after their children as best they see fit.
National is returning to complication. What's next? Tax rebates for paying off student loans or saving for retirement.
Don Brash is already compromising National's principles. Unsurprising really.
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