Andrew Dickens Afternoons

Andrew Dickens: I don't know why National is so wedded to these tax cuts

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Synopsis

What a funny old week it's been listening to the media and the Government howling for National's costings on their foreign house buyers tax and National's refusal to release them. Personally I don't give a flying fig on the costings. It seems perfectly obvious that National will not raise the money it says it will because that would take a record level of overseas sales. And National doesn't care. The overseas buyers tax is a sideshow. They are committed to tax cuts. That's their thing. That's non negotiable. They will happen. So if they can't subsidise the cuts with the new tax what could they do?  Either borrow more or cut Government spending. Cutting services will make their coalition partner happier, so what do you think will happen? The overseas buyers tax seems like a strange one for a so called right wing neo-liberal globalist party to propose. One that says it's committed to fighting inflation. In essence it's a wealth tax. "You can afford a $2 million dollar house. Great we'll have another $300,000 b