Labour leader Phil Goff has come out swinging against National’s proposal to cut the top tax rate. In TV3’s The Nation Goff said he would reverse any reduction National pushes through of the top tax rate from 38 cents in the dollar.
This is common-sense stuff coming from Labour’s leader. New Zealand already has one of the lowest top tax rates in the OECD. It’s just crazy that National are pushing ahead with tax cuts for the wealthy based on a nonsense neo-liberal voodoo economics notion that it will somehow magically help everyone. What nonsense.
New Zealand is already a grossly inequitable place, with the wealthy already getting far more than their fair share. And Goff’s announcement on The Nation is an important line in the sand.
It’s great to see Phil Goff living up to his promise to stand up for the many, not the few. National’s plan will only benefit the very wealthy, like Prime Minister John Key.
Now we can stand assured, the 6th Labour Government will fix that injustice.