ACC costs out of control
This graph shows it all – the massive blowout in costs under Labour of ACC.
The liability for these costs has just been reported as increasing by $2.58 billion. What does this mean, if no changes are made:
- An 185% increase over five years of the levy on employees
- A 71% increase for employers
- A 129% increase for motor vehicle owners
- Over five years this would see someone on the average wage who owns a vehicle paying $1,696 a year more.
So Labour’s Acc liability will take more from the average household, than they would have got from Labour’s tax cuts. Remember you never win with Labour.