No country with record, climbing debt and homeless living in cars should be considering tax cuts. Bill English was right to rule them out for this term:
Budget 2016: Government rules out tax cuts
The Government says tax cuts are now off the table in this year’s Budget and possibly next year’s Budget as well. … “At this point, we’ve prioritised additional debt repayment over setting aside money in Budget 2017 for tax cuts.”
Just to be clear:
Government pours cold water on 2017 tax cut possibility
Because of a larger spending allowance in 2017, up to $2.5b in tax cuts were seen as real possibility in 2017.
However, in a pre-Budget speech in Wellington today Mr English stressed the focus for his government – if it has any spare money – will be paying down debt, not allocating money for tax cuts in 2017…
But what does Bill English know! He’s only the Finance Minister. Here’s Johnny to set him straight:
John Key hints he’ll fight election on $3 billion package tax cuts
Prime Minister John Key has effectively kicked off National’s 2017 election campaign, saying he is confident National could afford up to $3 billion in tax cuts after 2017 and he believes pressure for those tax cuts will grow. …
This isn’t just a case of National’s two top ministers being at odds. English is right, Key is lying and he knows it. But Key would rather we were talking about the mirage of tax cuts (again) than current events like the protection of corrupt tax havens or our homeless living in cars.