No tax relief from Labour

Stuff reports:

Labour is promising to scrap National’s Budget tax cut plan.

Instead it will funnell the cash into higher Working for Families payments and extra help for those with young children.

It’s a package it says will deliver up to $48 a week to extra to middle income families.

And zero for every one else. If you don’t have children you get nothing.

National’s package was a nice balance of both tax reductions and targeted extra assistance. Labour just seem unable to ever agree to reduce the burden on tax payers. In fact with fiscal drag their policies mean taxpayers end up paying a higher and higher share of their income in taxes.