Steve Joyce mocks Labour’s latest election bribe as the numbers, once again, don’t stack up

via ZDNet

The Labour Party wants to take $2.5 billion from Kiwi families from 1 April next year with a pale imitation of the Budget’s Family Incomes package, National Party Campaign Chair Steven Joyce says.

“They are proposing to tax more with one hand and give a bit back with the other hand but by their own admission Kiwi families would get fleeced $2.5 billion over the next four years in the process,” Mr Joyce says.

And for once, Labour aren’t going after the rich pricks.  

“And in their desperation to avoid shifting tax thresholds, they’ve dreamt up an even more confusing array of new and old subsidies while taxing low and middle income people at ever higher rates as their wages grow.

“It’s classic Labour Party smoke and mirrors. But at the end of it Kiwi families would be $2.5 billion worse off.

“Someone on the average wage would face an annual tax hike of $1100, while Labour would fork out a $3000 annual baby bonus for a family earning $150,000.

Labour’s desperate policies never last more than 48 hours of scrutiny.  Mostly because the policies didn’t take more than 48 hours to dream up in the first place.

Only Labour could announce a huge taxpayer give-away that is effectively a tax hike in disguise.

 


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