Labour’s announcement is here. As covered by Vernon Small on Stuff:
Labour is promising to scrap National’s Budget tax cut plan. Instead it will funnel the cash into higher Working for Families payments and extra help for those with young children. It’s a package it says will deliver up to $48 a week extra to middle income families.
The flagship policy, announced by leader Andrew Little in Auckland on Tuesday, aims to contrast Labour’s targeted help for middle income families with the extra cash the wealthier receive under National’s tax package.
Leader Andrew Little said the “targeted Families Package” would cost $890 million in 2018/19, but scrapping National’s tax cuts would free up $1.5 billion.”This creates more than $2b over four years of net savings. These savings, together with new spending to be set out in Labour’s Fiscal Plan, will be prioritised towards rebuilding New Zealand’s social foundations by investing in essential public services and our future infrastructure needs.”
The package would give more than 70 per cent of families with children a bigger income boost than the Budget 2017 package.
“By not spending $1.5 billion a year on tax cuts, Labour is able to do more for lower and middle income families and people in need, while investing in the priorities Kiwi families care about: housing, health, education and infrastructure,” Little said.
He said the September election was a clear a choice between Labour’s priority of investing in services for those in need and boosting the incomes of low and middle income families against National’s priority of “an election tax bribe aimed at those at the top” which gave a disproportionate amount to the wealthiest households..
“At a time when we have crises in mental health and housing, now is not the time for tax cuts.”
Nearly 60,000 families a year would be eligible for the $60 a week payment for each baby. Families on low and middle incomes would continue to receive the payment until their child turned three.
Little said the winter energy payment would help a million people keep warm in winter. Together with grants for insulation and heating upgrades, it would help them avoid getting sick. …
There’s plenty more in the full piece. Lots to like here!
PR: Labour prioritises families and public services https://t.co/KYXvsNNrMO
— New Zealand Labour (@nzlabour) July 11, 2017
New Labour policy promises an extra $48 per week for low and middle income families
Labour rules out tax cuts, promises cash for families with children
Labour’s fiscal package to ‘benefit more middle and lower income families’