The Yeah-Nah Tax Cut announcement
John saying yeah
Bill saying nah
Occasionally Erudite Publications
Tax cuts – they’re coming, in April 2017, should National be re-elected. Maybe. Depending on whether economic and fiscal conditions allow.
But what form will these tax cuts take? That’s a good question, to which no one is any the wiser. By April 2017, National projects that they’ll have accrued a pool of $1.5 billion, of which apparently $1 billion will be set aside for tax cuts, while the remaining $500 million will go towards debt reduction. Tax cuts will be targeted to lower and middle income earners, but how National intends to structure the cuts is a mystery.
And what will these lower and middle income earners receive in their back pockets? Well, here things get really strange. Last week, John Key was pulling numbers from thin aid, pondering anything from $10, $20, $30… Then over the weekend on TheNation, Bill English was denying that any numbers had been…
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