Posts Tagged ‘no free lunch’

The lie of the “fiscally neutral” tax cuts

Written By: - Date published: 3:50 pm, April 4th, 2012 - 45 comments

The “fiscally neutral” tax cuts never were neutral at all, and a lower than expected tax take is hitting the government’s books. But Key is still out there repeating the lie.

The other great tax lie

Written By: - Date published: 8:47 am, November 10th, 2010 - 9 comments

The Budget 2010 tax cuts for the rich were supposed to be paid for by magical extra growth.  But the growth isn’t happening and the government now has a $2.2 billion shortfall in income.  So the tax cuts aren’t “broadly neutral” at all.  We’re paying for them with borrowing.  Is that “Ambitious for New Zealand”?

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