Kiwis only need to look at Labour’s record on tax
Chris Hipkins says other parties’ tax proposals are off the table, but Labour’s record shows New Zealanders can’t take him at his word on tax, National’s Campaign Chair Simeon Brown says.
“The Melbourne Cup might be anyone’s race today, but there’s one thing you can bet on for certain – a Labour-led coalition would bring in far more new taxes than what Labour is openly campaigning on, despite what Chris Hipkins is trying to lead you to believe.
“This morning, Chris Hipkins claimed that other parties’ tax proposals are off the table under a Labour-led coalition. But when it comes to tax, Labour’s word counts for nothing.
“Just look at Labour’s track record. During the 2020 election, Labour campaigned on one tax change. Then after the election, in a majority Labour Government with no coalition partners, the party broke its promise straight away.
“Between 2020 and 2023, Labour introduced or raised not just one tax, but four. Alongside a new income tax bracket, Labour extended the brightline test, banned interest deductibility for rental properties, and introduced a ute tax.
“The reality is, Labour has at least $18 billion of unfunded spending promises, so it needs the new taxes that the Greens, Te Pati Maori and Opportunity are offering up.
“This is going to be a very tight election, and the choice couldn’t be clearer. Stick with National’s plan to keep growing the economy, lift incomes and create 220,000 new jobs, with no new taxes, or risk it all on a Labour-led coalition with Chloe Swarbrick as Finance Minister, meaning more reckless spending, more borrowing and higher taxes.”
