Written By: - Date published: 11:24 am, May 24th, 2008 - 62 comments
Key’s best trick is to answer questions with impressive or technical sounding assertions that stop the line of questioning but don’t actually tell us anything. When he does that, interviewers need to push him to explain himself. Here’s a few paraphrased examples from the last couple of week: Q. ‘What don’t you like about the …
Written By: - Date published: 9:50 am, May 22nd, 2008 - 42 comments
The Herald and National have started attacking every piece of government spending as pork-barrelling. Here’s some of what they’re calling ‘wasteful, needless spending’: $750 million of new health spending ($160 million for elective services) -Pork $700 million for Fast Forward Fund, food and pastoral sector research -Pork $665 million to buy the national rail operations …
Written By: - Date published: 3:34 pm, May 13th, 2008 - 139 comments
Rodney Hide is calling for the Budget’s tax cuts to take the form of raising the thresholds to account for inflation since 1999, removing of the 39 cent bracket, and a $10,000 tax-free bracket. What would ACT’s tax cuts entail for New Zealanders? Hide says the average cut would be $50 a week, so we …
Written By: - Date published: 2:39 pm, May 9th, 2008 - 55 comments
Now that Michael Cullen has ruled out a tax-free bracket but promised that everyone will benefit from Labour’s tax-cut package, what cuts will he give? The simplest option would be to cut the bottom tax rate, which would deliver a tax cut for everyone. As a percentage of income the tax cut would be largest …
Written By: - Date published: 1:37 pm, May 6th, 2008 - 17 comments
National and some of the more wacky commentators are complaining that the $655 million used by the Government to buy back the rail stock should have been used, instead, to fund tax cuts. Now, there’s a crucial difference between a tax cut and a one-off capital purchase. And it’s that you only pay once for …
Written By: - Date published: 12:00 pm, April 29th, 2008 - 4 comments
Some may have noted an odd series of questions in Parliament and press releases from Bill English around government borrowing over the last month. The questions purposely conflated the idea of maintaining current debt levels with increasing debt. We noted this at the time and Tane correctly picked the strategy: First, sow confusion about debt …
Written By: - Date published: 2:55 pm, December 18th, 2007 - 43 comments
From Stuff: Cullen said “uncertainties” still existed, but Treasury had “significantly” lifted its revenue forecasts which meant the $1.5b in tax cuts in addition to more spending could be factored in to the budget. “This figure is very soft as no decisions have been taken on the timing, size, shape or scope of our personal …
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