I wasn’t expecting much and they delivered. But I’m very unhappy about the broken promise on cancer drugs - it was a cynical campaign promise they never should have made (National knows how Pharmac works and how much pressure the drugs budget comes under), but having made it, they needed to honour it. Gutless. Feeling for the people whose hopes were raised and dashed.
Changing income tax and Working for Families thresholds and tax on landlords reduce revenue by around $10 billion over the next 4 years. As there is also a $12 billion increase in borrowing over the same period, compared to the figures in the HYEFU, the government claims that the tax cuts are fully funded is simply untrue.
I wasn’t expecting much and they delivered. But I’m very unhappy about the broken promise on cancer drugs - it was a cynical campaign promise they never should have made (National knows how Pharmac works and how much pressure the drugs budget comes under), but having made it, they needed to honour it. Gutless. Feeling for the people whose hopes were raised and dashed.
Hi Julienne. Yes that's very hard for the many people needing those drugs. Thanks for the comment. Grant
Changing income tax and Working for Families thresholds and tax on landlords reduce revenue by around $10 billion over the next 4 years. As there is also a $12 billion increase in borrowing over the same period, compared to the figures in the HYEFU, the government claims that the tax cuts are fully funded is simply untrue.
That's a fair point, Andrew, thanks. National's tax rebate for landlords will cost them dearly.