National finally released their tax cut policy this week. If you earn less than $14,000 a year, it’s the same as Labour’s cuts. If you earn $14,000 to $24,000 and aren’t getting Super, if you are a beneficiary, or if you get Working for Families and earn less than $44,000, or if you are in Kiwisaver your tax cut under Naional would be smaller than under Labour. Everyone else gets $7-$14 more a week, except those on more than $100,000. Because they are lowering the top rate, the more you earn the bigger your cut – John Key would get $72 more a week from his cuts on his MP’s salary alone. The price of this tax cut for the rich? Kiwisaver would be gutted, rather than building up a domestic savings pool, National would have us continue to be dependent on the fractured international markets for investment funds. Bill English says in the latest secret tape that National will ‘do what it takes it win’ but ‘what it takes’ may not be enough for National; the latest Roy Morgan poll shows National’s support tumbling in the wake of Key’s lies over his Tranzrail shares. Here are our favourite posts of the week:
The rainy day cometh
These are the rainy days. Fortunately, we’ve acted wisely during the good times…[more]
No tax cut for most from Nats
National has announced it would abolish the increases in the bottom threshold to pay for tax cuts for the rich…[more]
No, Bill
It’s one thing to engage in ‘win at any cost’ bombast but to mock the ‘principled statements’ you are making to the public, the very voters you want to have faith in you?…[more]
Roy Morgan poll
it’s not good news for National with the election less than a month away and the fallout from their poorly received tax plan and the latest secret tape still to come…[more]
What happens if Nats gut Kiwisaver?
An entertaining youtube video shows the effects of gutting Kiwisaver, using South Park characters…[more]
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