Posts Tagged ‘no free lunch’

The lie of the “fiscally neutral” tax cuts

Written By: - Date published: 3:50 pm, April 4th, 2012 - 46 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 - 11 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”?

Page generated in The Standard by Wordpress at 2024-10-12T22:08:07+00:00