GUEST BLOG: Bryan Bruce – Finance Minister Willis won’t borrow for tax cuts – yeah right!

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Finance Minister Willis says she will not borrow money to pay for tax cuts.

But she WILL borrow money to pay for other things.

Yeah… right.

If you didn’t have tax cuts you could pay for a lot of those things.

And if you didn’t pander to the already wealthy, Minister, for example by making it easier to milk capital gains from housing sales, you could pay for a lot of the services you are cutting.

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Bryan Bruce is one of New Zealand’s most important and respected documentary makers. 

19 COMMENTS

  1. Succinct and bullseye accurate.

    Willis IS out of her depth and boxed…

    She was warned on multiple occasions by people who know alot more about economics than she
    does and didn’t know how to interpret a PREFU…

    Just watch the bullshit and justifications flow …

  2. Newspeak? Has 1984 finally arrived? Is this really any worse than any other politician shading the truth? Apart from the results anyway.

    • Pleading mitigation by exposing ones utter lack of capacity to understand that not everyone thinks like the poor excuse for a “Finance Minister”… This, of course, simply exposes the truncated, and self deceiving “logic” of the mediocrity that passes for tory intelligence…
      The creature called “Willis” is possibly the most unfit person to ever have the job in NZ… Considering NZ’s proud record of continually regressing backwards in 9 year waves, l must now accept that a chimpanzee with over 300 words in their vocabulary can now be a senior minister of the “Crown”…

  3. NZrail closing rail lines, and operating ferries past their use by date.
    Police and Nurses needing of better pay.
    Some GP clinics closing down from lack of funding
    ACC cutting back funding to those with longterm injuries, even with half their body amputated.
    Galleries and museums in financial strife.
    Roads beyond their use by date, needing resurfacing.

    Why doesn’t Nicola delay her tax cuts for one year, which would give an extra $16 billion to fix up all this stuff, instead of spending the next year giving excuses why the govt is in a tight fiscal position, and can’t do anything.
    She won’t be able to fix everything, but she could do a lot. These Liz Truss like tax cuts will keep current interest rates higher, doing more damage to the economy. If the tax cuts came in closer to the 2026 election, it would give the govt a timely political boost, and if NZfirst don’t make it back in 2026, then the foreign buyers tax could finally be implemented, funding the tax cuts without so much borrowing.

    There is no pandemic anymore, so there is no need to be going further into debt. No need for the govt to treat the country like a bottomless creditcard, doing what their donors want, instead of what the country needs. Anyone genius who wants to feel a little richer, can go out and spend big on their creditcard, its not hard to do.

    G-angpatch Goldsmith
    U-pherself Upston
    N-icola Willicide

    N-icole Brengun
    U-nentitled Luxon
    T-obacco Bish
    S-imeon Pothole

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