web analytics

Look over there! Tax cuts!

Written By: - Date published: 9:06 am, August 26th, 2014 - 7 comments
Categories: economy, housing, labour, same old national, tax - Tags: , ,

So National are both so out of ideas and so desperate to take the spotlight off their Dirty Politics that they’re now promising tax cuts. Tax cuts straight after we have a panel of our most prominent economists warning that the ‘rock star’ economy is going to hit the rocks.

Our growth is unsustainable, as it is based on rebuilding Christchurch, and high dairy prices. And unless the government has another natural disaster in their economic plan and the dairy market goes up again, we’re not going to be getting wage growth or feeling the economic glow.

So Labour is cutting their cloth as Treasury update their forecasts. National are offering tax cuts to spend more… Which of these sounds like sensible economic management?

Phil Twyford’s finding the Treasury and Australian Government reports (as on Checkpoint last night) shows National’s housing plan for what it is – a desperate grasp from an out-of-ideas government.

The reports were why National rejected the plan a year ago, as they show Australian subsidies that are almost identical merely raised house prices, and the benefit of the subsidy was to vendors, not first home buyers. And now National, having found nothing else to solve the housing crisis (‘there is no crisis!‘), are running with it anyway…

Worth reading: David Fisher on Cameron Slater.

7 comments on “Look over there! Tax cuts! ”

  1. Craig Glen Eden 1

    All it was going to take was for Journalist’s to dig a little deeper than the spin and Nationals house is in deed a leaky one. Once people realise the house is leaking it dosnt matter if the street you have the house on is called Popular Street or not, the truth is its value is hugely decreased and in some peoples eyes not worth the risk. The rotting is now stinking and the mold cant be removed with a spray and walk away. Yeah at the end of of the day (isfffttttt) Keys damaged very badly.

  2. disturbed 2

    There will be no tax cuts just more of Key’s lies here’s why.

    Today reports of the Kiwi Dollar now slipping again! is this happening again?

    Is Key setting this up in case he is forced to resign or voted out?


    Report from 2008.

    John Key is living proof that not all heads of derivatives operations for large US investment banks end up in the dog house. Some get to run their own country.

    Key was elected prime minister of New Zealand last weekend after his National Party achieved a crushing victory over the incumbent Labour government of Helen Clark.

    The timing of his elevation, in the midst of a financial crisis, may be quite prophetic. After all, Key’s rise to prominence in foreign exchange circles came after he struck a rewarding relationship at Bankers Trust with Andy Krieger, a daring New York-based trader who launched a legendary raid against the NZ dollar in 1987.

    Krieger reportedly bet more than the country’s entire money supply against the currency, forcing it down sharply and taking massive profits in what is still described as one of the finest forex plays ever completed.

  3. Dialey 3

    “We know how to create a powerful and effective tax stimulus. What is needed is to give money through the tax system to those who will spend it and spend it quickly: the unemployed, the cities and states that are starving for funds, and lower-income workers. A strong stimulus would also be an equitable stimulus: the money, by and large, goes to the poorest, those who have benefited least from the growth of the last quarter century” Joseph Stiglitz

  4. Sable 4

    Yes and lots of educated people have started leaving “again”. Friends of ours both doing PHD’s (in useful subjects) are off to Melbourne when they are done.

    Its writing on the wall for this country and whilst Australia also has their own oaf for a PM their economy has more padding than ours and is better able to withstand 3-6 years of economic stupidity.

    In my humble opinion all Keys has left is bread and circuses and this is a pretty blatant attempt at public distraction. The sad fact is it will probably work just as it did with the Romans…

  5. Tracey 5

    What does hit the rocks look like for ordinary folks? High interest rates? High unemployment?

  6. NZJester 6

    That is the thing, John Key is not actually promising any Tax Cuts at all. He is only saying to the media that he can not rule them out. It is more of the National Party smoke and mirrors distractions they have become famous for in the popular book Dirty Politics. Because he has not actually made an actual promise of Tax Cuts, any complaints that they have not yet given any tax cut after an election can be dismissed with him categorically stating that he never promised any and he has since ruled them out. He has chosen his words very carefully to put in the minds of some the illusion that they will get a tax cut, while also making sure he does not have to actually give one.

  7. Jrobin 7

    These tax cuts should be more transparently named as further Education and Health cuts. Never popular when they hit home.

Recent Comments

Recent Posts

  • Government steps up to assist Auckland during flooding
    As the Mayor of Auckland has announced a state of emergency, the Government, through NEMA, is able to step up support for those affected by flooding in Auckland. “I’d urge people to follow the advice of authorities and check Auckland Emergency Management for the latest information. As always, the Government ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Poroporoaki: Titewhai Te Huia Hinewhare Harawira
    Ka papā te whatitiri, Hikohiko ana te uira, wāhi rua mai ana rā runga mai o Huruiki maunga Kua hinga te māreikura o te Nota, a Titewhai Harawira Nā reira, e te kahurangi, takoto, e moe Ka mōwai koa a Whakapara, kua uhia te Tai Tokerau e te kapua pōuri ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Enhanced Task Force Green Approved following Cyclone Hale
    Carmel Sepuloni, Minister for Social Development and Employment, has activated Enhanced Taskforce Green (ETFG) in response to flooding and damaged caused by Cyclone Hale in the Tairāwhiti region. Up to $500,000 will be made available to employ job seekers to support the clean-up. We are still investigating whether other parts ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • General Election to be held on 14 October 2023
    The 2023 General Election will be held on Saturday 14 October 2023, Prime Minister Jacinda Ardern announced today. “Announcing the election date early in the year provides New Zealanders with certainty and has become the practice of this Government and the previous one, and I believe is best practice,” Jacinda ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Prime Minister Jacinda Ardern announces resignation
    Jacinda Ardern has announced she will step down as Prime Minister and Leader of the Labour Party. Her resignation will take effect on the appointment of a new Prime Minister. A caucus vote to elect a new Party Leader will occur in 3 days’ time on Sunday the 22nd of ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Trade and Agriculture Minister to attend World Economic Forum and Global Forum for Food and Agricult...
    The Government is maintaining its strong trade focus in 2023 with Trade and Agriculture Minister Damien O’Connor visiting Europe this week to discuss the role of agricultural trade in climate change and food security, WTO reform and New Zealand agricultural innovation. Damien O’Connor will travel tomorrow to Switzerland to attend the ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Government funding relief for flood-affected Wairarapa farmers and growers
    The Government has extended its medium-scale classification of Cyclone Hale to the Wairarapa after assessing storm damage to the eastern coastline of the region. “We’re making up to $80,000 available to the East Coast Rural Support Trust to help farmers and growers recover from the significant damage in the region,” ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Government provides support to flooded Tairāwhiti communities
    The Government is making an initial contribution of $150,000 to the Mayoral Relief Fund to help communities in Tairāwhiti following ex-Tropical Cyclone Hale, Minister for Emergency Management Kieran McAnulty announced. “While Cyclone Hale has caused widespread heavy rain, flooding and high winds across many parts of the North Island, Tairāwhiti ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Government support for flood-affected Gisborne Tairāwhiti farmers and growers
    Rural Communities Minister Damien O’Connor has classified this week’s Cyclone Hale that caused significant flood damage across the Tairāwhiti/Gisborne District as a medium-scale adverse event, unlocking Government support for farmers and growers. “We’re making up to $100,000 available to help coordinate efforts as farmers and growers recover from the heavy ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Monkeypox vaccination available to eligible people from next week 
    A vaccine for people at risk of mpox (Monkeypox) will be available if prescribed by a medical practitioner to people who meet eligibility criteria from Monday 16 January, says Associate Minister of Health Dr Ayesha Verrall.   5,000 vials of the vaccine have been obtained, enough for up to 20,000 ...
    BeehiveBy beehive.govt.nz
    3 weeks ago