- Date published:
5:04 pm, November 27th, 2018 - 25 comments
Categories: Media, national, same old national, Simon Bridges, spin, the praiseworthy and the pitiful, twitter, you couldn't make this shit up - Tags:
Yesterday National’s social media team sent out this tweet:
“We will repeal any Capital Gains Tax. It won’t fix the housing market, but it will increase rents for those who can least afford it the most.” — simonjbridges pic.twitter.com/gWeqz5zkmI
— NZ National Party (@NZNationalParty) November 25, 2018
It received a number of tweets and likes and comments.
I thought it was strange. It said on the face of it that National would repeal the bright line test tax that it imposed in 2015.
So I then checked the text of the speech. It included this passage:
Core to our values, there will be no new taxes
We will not introduce any new taxes during our first term.
Unlike the current Government which promised during the election not to introduce new taxes yet did so anyway, we will actually deliver on that promise.
Michael Cullen’s Tax Working Group has announced it is putting together two options for a new Capital Gains Tax.
But this will lead to higher rents. Even the Tax Working Group concedes that.
And there will be flow on effects. A Capital Gains Tax will also affect everybody’s KiwiSaver – directly taxing people saving for their retirement.
A Capital Gains Tax would be a tax on hard-working New Zealanders’ retirement funds, the family farm and the family bach.
It is another tax on small business owners and entrepreneurs – people who have worked hard for decades paying tax and employing people, only to get whacked with a new tax when they sell up.
It won’t fix the housing market, but it will increase rents for those who can least afford it the most.
The second sentence of the tweet was in the speech but not the first.
National’s social media is sending out tweets with quotes that do not match the speech notes, nor apparently the policy despite purporting to do so.
And these guys think they are ready to run the country?