From RNZ · RNZ | Te Reo Irirangi o Aotearoa · · 1m 10s
Chris Hipkins risks job over tax policy
Labour leader Chris Hipkins pledges no new taxes beyond capital gains tax to ease cost of living.
In brief
Labour leader Chris Hipkins pledges no new taxes beyond capital gains tax to ease cost of living. Labour leader Chris Hipkins will not introduce new taxes beyond capital gains tax to address cost of living pressures. Originally reported by RNZ.
Labour leader Chris Hipkins
Labour leader Chris Hipkins says cost of living was the top issue in 2023 but they didn't have convincing answers.
No new taxes beyond CGT
Labour will not add new taxes except capital gains tax, which is supported by public and long overdue.
Capital gains tax benefits
Capital gains tax would provide billions for health system and help small businesses.
Inflation blame
Hipkins disagrees Labour borrowed too much during pandemic causing current inflation.
Fiscal plan
Labour plans to balance budget by cutting Investment Boost and directing funds to small businesses.
Health system changes
Primary care will be free to reduce hospital visits and ease health system pressures.
Education reforms
NCEA changes will be slowed to avoid overassessing students and a grab-bag of credits.
The one thing
Labour leader Chris Hipkins will not introduce new taxes beyond capital gains tax to address cost of living pressures.
