John Key destroyed David Cunliffe’s capital gains tax plans last night in The Press leaders debate.
He forced David Cunliffe to admit that 300,000 Kiwis were going to get slammed with the capital gains tax on what is ostensibly their family home, despite the promises of the Labour otherwise.
John Key landed a blow on David Cunliffe over Labour’s planned capital gains tax in a fiery leaders debate in Christchurch.
ONE News political reporters say The Press leaders debate seemed pretty even until the National leader turned to his Labour counterpart and asked: “Will I pay a capital gains tax if my family home is in a trust?”
After being challenged again with the question, Mr Cunliffe responded that Labour will run surpluses every year “as long as there is no international downgrade”.
He said Labour will “pay down the record debt this government has built up – more than New Zealand borrowed during World War Two”. Â Read more »