Finance Minister Grant Robertson, Labour’s finance spokesman, said National’ fiscal plan “relies on more cuts to services and cuts to incomes of the poorest New Zealanders.”
Robertson said there was a $537m hole.
“To make matters worse, cutting incomes to fund tax cuts for millionaires is shameful.
“Within National’s plan is a so called buffer. This is a fiction.
“If we were to put Labour’s fiscal plans on the same terms as National’s we have a larger buffer.
“Also, National’s plan continues no further funding for climate action.
He said that was a “recipe for more emissions”.
“We intend to go through the detail of National’s plan in the coming days.
He said the buffer was propping up the plan.
“Today was an opportunity for Nicola Willis and Christopher Luxon to acknowledge their plan doesn’t add up.
“It’s right there under the preconditions line.
Robertson said any buffer has to be used for other cost-pressures.
“National took money out of the allowances to make their plan look good.
“The money is needed for cost-pressures. They’ll have to spend what’s in their buffer.
“It doesn’t add up.
“It relies on the tax plan that virtually no body thinks adds up.
Robertson said Labour had a $10.5b buffer – “that’s money that’s needed for cost pressures”.
He said when Labour came into government, they faced “astronomical bills” for prisons. He hit out at National’s plan for a “mega-prison”.
Robertson said “this budget is built on a sand castle”.
“The fiscal prudence we we’re looking for was that Nicola Willis would admit their plan doesn’t add up.
He said “we were all wanting to look at” congestion charging.
“Congestion charging has its place, but Simeon Brown needs to say how much revenue and when.
“I would be extremely surprised if it was possible [for revenue to come next year].
“You can’t base your fiscal plan on income no one thinks you’re going to get – it’s a sand castle.
National’s ‘plan’ isn’t trickle down economics, it defies political gravity and demands trickle up!
They are taking $2b from the poor and giving it to the rich!
This isn’t a plan, it’s Egalitarian vandalism!
Why take billions from the poor and hand it to the rich? The State’s job isn’t to cause more inequality, it is to erode it!
We all suspected National’s tax plan was a joke, their fiscal plan is a nightmare!
Some people are so bitter that Jacinda prevented a mass death event that they will vote in political vandalism over re-electing Labour.
National will throw thousands out of state homes with no where for them to go, while cutting 14 000 public service jobs while cutting 140 000 off welfare with sanctions!
If this is honestly your political preference, you are the problem!
Increasingly having independent opinion in a mainstream media environment which mostly echo one another has become more important than ever, so if you value having an independent voice – please donate here.
If you can’t contribute but want to help, please always feel free to share our blogs on social media
Yeah it’s pretty transparent by now.
And this is the party pretending to economic competence like Muldoon after listening to Lee Kuan Yu.
These clowns don’t have clue about how to grow an economy, much less govern a nation.
It may lose them the election – they don’t have the disingenuous charm of a Key to front their folly.
I assume you are talking about Labour as they were the ones saying they were going to be transparent and they certainly do not know how to grow an economy.They seem to know how to stuff it up.
Mood of the boardroom is top 5% in the most business friendly country on earth wanting more. Totally out of touch.
So proud it’s released on a Friday afternoon. This debt obsession is a f’ing embarrassment (that applies to Labour too). And slime time Seymour wants three times the savings. Isn’t he supposed to be the next Finance Minister?
Yes …Released on Friday afternoon….3 days after voting began..
This from the party who keeps bullshitting on about how Labour couldn’t deliver a pizza on time.
And yet their incompetence is already glaringly evident…
They couldn’t even manage to get their fiscal plan out on time before voting had started… and…. still can’t demonstrate to the electorate how they are going to pay for their tax cuts to the middle classes so they can buy Ben & Jerry’s ice cream and go to a movie.
The lack of surety is etched on their faces already. It’s obvious that they are guessing and hoping..
a sure recipe for disaster…
They think that they are going to wing it…make it up as they go along…..fools!
Fortunately they will not get that chance !!
We will be in for two elections as the 1st one will not provide a definitive result.
Labour /Greens/TPM will win the 2nd attempt!
Labour has been quite happy to transfer money from the poor to the rich as has National for decades.
Its called neo liberal capitalism.
The rich get richer
The poor get the picture
You Can Read About It..
Peter Garrett… Midnight Oil
When I was a kid, I remember being taken to the Auckland Zoo. At one area there was a hippo with its arse facing a large group of people. Next thing it started comically spinning its tail to the amusement of the gathered crowd. Then it started to defecate like crazy, the crap slatering everywhere. The people still stood there thinking it was funny. Then they started getting spattered with hippo shit. They eventually decided to disperse realising it wasn’t such a good situation afterall. What I found interesting, was it took longer for this to happen than I expected.
Whenever I see 7 Houses Luxon or Nicola enthusiastically spinning their lazy superficial policies and litany of lies, for some reason I am reminded of that hippo.
The only thing I am left still wondering, is how long exactly will it take the public of New Zealand to tolerate being showered with their shit. More curiously, how long will it take NZders to realise the fact, turn, then quietly walk away.
‘Jacinda’ prevented a ‘mass death event’. Stop spreading disinformation
Comments are closed.