Sunday, September 7, 2014

National's tax cuts - the policy was accounted for in 2008

I'll keep this blog short.  National promised a tax package in 2008.  It would be introduced in three phases, one of which would be 2011 and the other 2013.  The tax cuts in 2013 never happened and now that it is election time, National is trying to make an old policy, delivered one year late, look like a new policy.

Well, I support these tax cuts, it is not a new policy.  National is, for want of a better phrase, reminding people of a policy that was already locked down back in 2008.

Well unluckily for them some people don't forget.  I wonder if this is why 52% of those polled by TV3 are opposed to tax cuts, because they knew they were already happening and are being delivered a year late.

If however people have genuinely forgotten and are opposed to tax cuts then that makes no sense.  The tax cuts would see people with an extra $20 in their pocket per week, or $1000, which could improve people's bottom line if they used the extra money wisely by putting it into savings or their mortgage repayments, or saving and then investing it later on.

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