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22 Jul 2024 19:39
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  •   Home > News > Politics

    Labour's leader continues to call the Government tax cuts poorly timed

    Labour's leader continues to call the Government tax cuts poorly timed


    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.

    © 2024 Newstalk ZB, NZCity

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     Top Stories

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    Belief from All Black great Sir Bryan Williams that Ardie Savea's signing will encourage young Polynesian talent up and down the country to view Moana Pasifika as an ideal Super Rugby pathway to the top More...


    BUSINESS BUSINESS
    It's unclear what will be the Warehouse Group's next steps More...



     Today's News

    Entertainment:
    Spencer Matthews' "shocking" relationship with alcohol left him feeling "ashamed" 19:14

    Rugby:
    Belief from All Black great Sir Bryan Williams that Ardie Savea's signing will encourage young Polynesian talent up and down the country to view Moana Pasifika as an ideal Super Rugby pathway to the top 18:57

    Entertainment:
    Eddie Murphy finds it really taxing doing action scenes in his sixties 18:44

    Environment:
    Houses are being evacuated near Lake Pukaki, north of Twizel, as a 50-hectare fire rages 18:37

    Hamilton:
    Max Verstappen crashes into Lewis Hamilton as McLaren dominate Hungarian Grand Prix 18:17

    Entertainment:
    Shiloh Jolie-Pitt is moving forward with legally dropping Pitt from her name 18:14

    Business:
    It's unclear what will be the Warehouse Group's next steps 18:07

    International:
    From attending protests in a pram to becoming vice-president, who is Kamala Harris? 18:07

    International:
    Joe Biden spent a lifetime working towards the White House. His age ultimately caught up with him 17:57

    International:
    How do the Democrats replace Joe Biden as their presidential candidate in the US election? 17:57


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