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Tax Cuts and Borrowing

In the last week we have seen National promise tax cuts and a $5 billion dollar infrastructure plan, all the while publicly promising to keep popular Labour-led government policies.

Associated articles

What National is really saying is that they would put the begging bowl out to foreign lenders and borrow the money in order to deliver more generous tax cuts.

Have a look at the exchanges on borrowing for tax cuts and then watch a video clip our Finance Minister Dr Michael Cullen.

New Zealand is well positioned to ride out this challenging international economic period in a better shape then many other countries, not because of luck, but because we have planned for it. We have done what some say is impossible - over the last 8 and half years we have halved Crown debt at the same time as we have invested in the future of all Kiwis.

Friday August 1

Michael Cullen predicts National party will ‘whip out' the credit card to pay for tax cuts after they publicly say they will keep Working for Families and other Labour-led government policies.
National Gets Ready to Spin $13 billion Debt Bill

Saturday August 2

As predicted National promises tax cuts, and a day later...

Sunday August 3

...they release an infrastructure ‘plan' costed at almost $5 billion over six years.

Sunday August 3

Michael Cullen responds and keeps it real. Kiwis won't gamble with their future.
Key Willing to Gamble With NZ's Future to Get Elected

Watch Helen Clark responding to the National party's borrowing plans on TVNZ's Agenda.

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