Oh how I wish I had penned this line! Vernon Small writes:
Key is concocting big tax cuts, lower debt and more spending in his fiscal Tardis
Boy, these new banknotes are really something aren’t they?
Only this week Prime Minister John Key managed to spend one, save it and outline a plan to give it back to taxpayers all at the same time.
Perfect – give that man a jelly baby!
But back to this week’s back flip-cum-mobius-strip on tax and the Budget. The start was tranquil enough, though slightly surprising. Finance Minister Bill English announced … Tax cuts, though not technically “off the table”, were on the back burner and no specific provision had been made for them.
Key stepped into his fiscal Tardis and taraah! National might still announce a tax cut next year – or campaign on one – for 2018 that would be not $1.5b but $3b.
Key’s view was there were only really three options for National. 1) Cut taxes, 2) promise to cut taxes or 3) promise not to cut taxes. For the National Party the third choice was philosophically poison.
Fair enough on the political level, but to quote John Key from the 2008 election campaign, “show me the money”. …
I’m going to disagree on that last line though. It’s only “fair enough on the political level” if you accept that politics is a game of lies. It shouldn’t be. This kind of fiscal nonsense should be political death, and its up to the media to make it so. Here, if it helps, just imagine it was Labour spouting this inconsistent nonsense. Go!