Labour’s climate policy… more tax!
Labour’s climate policy shows they are going back to what they do best and, you guessed it, levelling yet more tax against hardworking New Zealanders, National’s Revenue and Climate Change spokesperson Simon Watts says.
“Chris Hipkins’ policy today argues ‘the carbon price is too low’. Aiming to drive up the carbon price will add costs to households, through higher electricity bills, more expensive petrol, and higher costs to get food from farms to your home.
“Labour needs to front on just how high they want the carbon tax to go. Independent analysis shows lifting the ETS by $50 would cost Kiwi households more than $400 extra a year.
“Labour is already campaigning on a Capital Gains Tax, a $5 billion tax on businesses and a Bed Tax. Their mates want an Inheritance Tax, a higher top tax rate, a tax on rentals, a Gift Tax, and a tax on land right across the country – and now they want to whack Kiwi households by increasing the price of carbon.
“National has a sensible plan to reduce emissions while still growing the economy, creating jobs and lift incomes – working with businesses and using new technology to reduce carbon without pulling a massive economic handbrake.
“Labour today has just reinforced the key issue this election – no new taxes under National, or a plethora of new taxes from Labour and their mates.”
Editor’s note: OIA release from MFE notes that ‘An increase of $10 per NZU increases annual expenditure by about $87 for the average household ($1.67 per week) and increases consumer inflation by 0.1%’. Page 31, point 74.
