Timothy Welch, University of Auckland, Waipapa Taumata Rau; Anna Matheson, Te Herenga Waka — Victoria University of Wellington; Craig Elliffe, University of Auckland, Waipapa Taumata Rau; Dennis Wesselbaum, University of Otago; Hiran Thabrew, University of Auckland, Waipapa Taumata Rau; Julia Talbot-Jones, Te Herenga Waka — Victoria University of Wellington, and Mark Barrow, University of Auckland, Waipapa Taumata Rau
Finance minister Nicola Willis made good on two promises with her first budget – tax cuts and no surprises. But the belt tightening required to do that will have longer-term consequences.
Spikes in inflation are often blamed on government borrowing to deliver cash handouts. But it’s more complicated than that. The real issue lies in borrowing without a plan to balance the books.
Finance minister Nicola Willis is promising to chart a ‘middle course’ in her first budget. Her bigger challenge is to bring middle New Zealand along with her.
Lisa Marriott, Te Herenga Waka — Victoria University of Wellington and Jonathan Barrett, Te Herenga Waka — Victoria University of Wellington
National’s tax policies have been tweaked since the election, thanks to coalition agreements with NZ First and ACT. But the plan for tax cuts seems to have survived, to the benefit of core supporters.
Jonathan Barrett, Te Herenga Waka — Victoria University of Wellington and Lisa Marriott, Te Herenga Waka — Victoria University of Wellington
The National Party’s tax package may be a middle-income vote winner, but it avoids the core problem of tax-free wealth. And how much the new system would cost to operate is far from clear.