Labour’s taxes – should they be fiscally neutral?

Labour say the National Party are using scare tactics regarding whether Labour will tax New Zealanders more.

But despite being asked a number of times, Jacinda Ardern has so far refused to put the matter to bed and commit to reducing other taxes to compensate households for the new taxes Labour still want to introduce.  

When Bill English put up GST in 2010, he reduced income taxes so no one was worse off.

The Taxpayers’ Union have been saying that with healthy surpluses, Labour don’t need to tax more, and have launched an online petition calling on Labour to commit to making any new taxes fiscally neutral.  So far, it’s attracted 4,000 signatures in 24 hours.

You can sign the petition online here.

Labour are dancing on the head of a pin accusing National of scare tactics, but the simple fact remains, by passing legislation to cancel National’s tax cuts, voters know that Labour is committed to keeping personal income tax rates higher than National. That is a tax increase if you vote Labour as opposed to a tax cut if you vote for a National led government.

 


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