They will take out debt.
Luxon was the captain of debt during his time at Air NZ.
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I'm not in favour of any tax cuts at the moment unless they were directed at young working families (such as income splitting for couples with young children), nor am in favour of the tax increases Labour is introducing.
But there are $ Billions to be saved from the current wasteful spending.A great example of the lack of respect for our tax payer funds is the news recently out that the Ministry of Education building in Wellington has been vacant since May, with most of the lights on. Power bill a cool $21k in 4-5 months, to light up an unused building. Very environmentally friendly and a good use of taxpayers money. NOT.
You don't seem to very well informed, it's simply a policy to shift the tax brackets so the low and middle incomes are taxed less than they currently are, super annuitants get a bit more money, the top 39% tax rate is unchanged at $180k.
Show us how you arrive at $18,000?
And it's not "giving", it's "not taking away".
I suppose if you hate National, it doesn't matter to you what they propose.
https://www.national.org.nz/kiwis-de...-living-crisis
https://assets.nationbuilder.com/nat...pdf?1646515541
If Chris Luxon becomes PM, & removes the 39% top tax bracket (& remember its 45% on income over $180,00 in Australia) Christopher will get an extra $18,000 on top of his income.
What's he going to do with another $18,000 that he can't do already?
Wisely spent, that money would do far more good for a hard working family struggling on a low income. There's a law of diminishing returns here, the more wealthy people are, the less benefit is gained.
It’s his money which is being returned back to him - NOT the government’s money.
He will invest the money wisely like he has in the past and not only will he increase the return on that money (compared to Ardern giving it out to overseas recipients who are not entitled to the money), he will provide a benefit to NZers as well when the money is invested wisely.
Where was the return on the $3 billion slush fund which was given by Ardern to Winnie to let her be PM?
Who do you trust to spend your hard earned money?
Ardern & her mob or yourself?
Simple question.
The thing you haven't picked up on is that 1. this isn't about Luxon, it's about EVERY earner paying less tax by fairer tax thresholds linked to CPI, and 2. strangely you choose the number $18,000 when Luxon's tax payable is unknowable, unless you know his total taxable income.
So where did you get $18,000 from, just make it up, parroting some journalist? Show us your workings.