After saying their tax changes would fill the hole from their reckless promises – Labour has now confirmed they plan to borrow more – tax more and pray.
Labour has admitted it would borrow more than National in the short term to help fund new policies but is confident its plans, including a capital gains tax, would cut debt over the long term.
Labour are stuck stealing underpants.
Leader Phil Goff this week said Labour’s tax policy would provide a long-term solution to New Zealand’s debt problem. Yesterday, however, party sources acknowledged the plan would see a Labour government borrow more in the short term.
They said that was necessary because it would not generate revenue from the sale of shares in state-owned assets as National planned to do.
Out of time, out of ideas and out of power. Labour should now change strategies to one of STFU and creating as small a target as possible.That way they can attempt to limit the damage this election.