Peter Wilson at NZ Newswire thinks that next year will be a tax cuts election.
Amid confusing statements from the government one thing is clear – National will campaign on tax cuts in next year’s election, says NZ Newswire’s political writer Peter Wilson.
The cuts will either have been announced in the 2017 budget, coming into effect in April 2018, or there will be a firm promise that they’ll be in the 2018 budget.
Those are safe predictions, unless there’s another international financial meltdown.
On Thursday last week, Finance Minister Bill English put them on the back burner.
Here’s what he said: “We don’t currently have an explicit provision for tax reduction in the fiscal forecasts.
“At this point, we’ve prioritised additional debt repayment over setting aside money in budget 2017 for tax cuts.
“However, we are still committed to cutting personal taxes over time, and will consider these – either in budget 2017 or after – as and when the fiscal situation improves.”
By saying they could be considered in budget 2017, he meant that by then he might be in a position to announce his future plans.
On Monday this week Prime Minister John Key said tax cuts could be in the 2017 budget, but he didn’t seem to think they would be. Read more »