I predicted that Labour would do a u-turn on the tax issue due to the polls, and sure enough they have. It isn’t a total u-turn as it is not actually reducing tax rates, but just handpicking 60,000 families to get tax credits which you have to apply to IRD for.
I prefer tax relief for all working New Zealanders, not just a few handpicked ones. It’s okay to target some relief, if you will also deliver across-the-board tax cuts, but Labour continues to take every dollar it can so it can redistribute it.
So much for the months of claims that there was no room for tax relief. I also note Labour have not provided a costing of the package.