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this post was submitted on 29 Aug 2023
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So they are proposing tax cuts, and the funding for these cuts are coming from....."somewhere".... ok got it.
But what they are really saying with this is, we actually need the revenue, but we really want to give tax cuts to win the election. So we want to associate the nats with the words "tax cut" and we want people to not focus on where the money will come from, money they obviously agree we need.
Assuming that the 4 targeted taxes are as "obvious" as the nats say they are, what is to stop labour saying. Wow those are great ideas, we will implement those things also.....along with our other ideas. Now I know that could never happen but one can dream....
I mean, a person working full time at minimum wage is very close to hitting the third tax bracket, and would do so if they worked only a small amount of extra hours. That's kinda ridiculous. I'm not too far off the fourth one, and I'm still doing my apprenticeship.
Labour really should have been making incremental changes changes to the brackets in line with inflation, but that ship has sailed.
Labour could definitely steal their ideas if they wanted, it would be a bit embarrassing for them though.