Goff on Q+A

Incredible. For the third time Goff is unable to answer the CGT question about in what year does it first bring in revenue.

You can see it in the video above, by Whale. After muffing it in The Press debate, and then muffing it on The Nation on yesterday, how on God’s earth did he not look up the policy. We all make mistakes, but to not be able to answer the question after two previous maulings is just idiotic.

Goff was also very unimpressive on other details. Couldn’t say how the Capital Gains tax would work, had no numbers around jobs, and in the finale refused (three times) to say whether or not he trusts Winston Peters – whom is his only lifeline to power.

Can you imagine a Labour-led Government with Phil Goff needing to get the Greens, Maori Party, NZ First and Mana to agree to every budget, and every law? It would have no stability and definitely no direction.

UPDATE: Transcript below:

GUYON Okay, the capital gains tax is part of a major tax switch, isn’t it, which includes the increase in the top tax rate, the GST off fruit and vegetables, etc. Under your plan, what is the first year you gain any additional revenue from your tax switch and how much do you get?

PHIL Well, from 2015, 16, we’re back into surplus, and by 2021, we’ve paid off the debt a year faster than National.

GUYON What is the first year that you gain any additional revenue from your tax switch and how much is it?

PHIL I think it’s about 2016, 17. Again, I don’t carry all those figures in my head.

GUYON Well, it’s 2018, 19. It’s a long way off.

As Guyon points out, that means it is two full terms of Parliament before their “tax switch” actually brings in additional revenue.