Grant Robertson has issued another damning criticism of National’s proposed tax plan – evoking the party’s financial mistakes made in the run-up to the 2020 election.
In a press release titled “Luxon and Willis double down on tax plan that will damage NZ economy”, Robertson, the finance minister (though speaking in his capacity as Labour’s finance spokesperson), doubles down on his condemnation of National.
“National continue to take a head in the sand attitude by pushing on with their policy of irresponsible tax cuts, that could damage the economy and make inflation worse, as we’ve seen in the United Kingdom,” Robertson said.
“Despite the United Kingdom throwing out their tax cuts proposal and apologising for it after it crashed their economy, Chris Luxon is pushing ahead with his reckless plan that benefits only the wealthiest three percent of New Zealanders.”
National’s leadership has continually suggested it would wind back all tax changes made under the Labour government. They’ve also argued for indexing tax rates to the rise in inflation.
Luxon this week called out Labour for no longer being the party it was when Michael Cullen was finance minister. In response, Robertson said National “is clearly no longer the party of Key and English”. He added: “it appears to have the economic aptitude of Collins and Goldsmith”, a reference to the fiscal hole found in National’s economic plan before the 2020 election.
“Economist Cameron Bagrie recently said tax cuts are the wrong policy response and even former National Party leader Don Brash has warned they could result in interest rates rising,” said Robertson.