National’s decides to hit workers in the pocket:
ACC Minister Nick Smith yesterday said levies would increase from $1.40 to $1.70 for every $100 earned from next April.
The employer and self-employed levy would rise from $1.26 to $1.31.
Recommendations by officials to increase motor vehicles levies and lift registration fees by $50 would not be considered until next year.
Well, there goes your tax cut. Of course, the interesting thing is that the National/ACT government doesn’t have to impose such heavy levy increases, but they are. Why? They’re deliberately ignoring options that the Labour government had on the table to keep levies down, in order to demonise ACC and justify privatisation further down the track. Simple as that.