Tax Cuts and Borrowing

In the last week we have seen National promise tax cuts and a $5 billion dollar infrastructure plan, all the while publicly promising to keep popular Labour-led government policies.

What National is really saying is that they would put the begging bowl out to foreign lenders and borrow the money in order to deliver more generous tax cuts.

Have a look at the exchanges on borrowing for tax cuts and then watch a video clip our Finance Minister Dr Michael Cullen.

New Zealand is well positioned to ride out this challenging international economic period in a better shape then many other countries, not because of luck, but because we have planned for it.  We have done what some say is impossible - over the last 8 and half years we have halved Crown debt at the same time as we have invested in the future of all Kiwis.

 

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Labour Party Audio and Visual IconMichael Cullen on Borrowing, Investment and Debt
 

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With the National Party widely expected to begin arguing the case for a massive expansion in government debt at their conference this weekend, Finance Minister Michael Cullen has issued a list of words and phrases John Key and Bill English are likely to employ as they try to pretend they are not borrowing for tax cuts. more +

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