Labour's leader continues to call the Government tax cuts poorly timed
Labour's leader continues to call the Government tax cuts poorly timed
18 June 2024
The Government's pouring 14.7 billion dollars into it - and giving landlords a three-billion dollar boost.
The tax changes kick in late July - against officials advising waiting until October.
Chris Hipkins says 12 billion dollars has been borrowed to fund the cuts.
He says he agrees tax brackets need adjusting - you have to carefully choose when it's done.
Hipkins says this is the worst time to do it - with inflation high and Government revenue declining because of the economic downturn.
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