18 Sep 2020

'Less expansive' spending could fund National's tax cuts - Paul Goldsmith

From Checkpoint, 5:10 pm on 18 September 2020

National has unveiled a plan for what it calls a "massive short term stimulis" - in other words, tax cuts.

The party's promising more than $4.5 billion in temporary tax breaks starting in December and ending in March 2022 if its elected.

It says putting more money in people's pockets will reduce ecomonic damage due to Covid-19 and will help the economy bounce back faster.

National also plans to lower the annual cap for new government spending from $2.4 billion dollars to $1.8 billion.

But it says it does not mean less spending on core services - so how does work?

National's finance spokesperson Paul Goldsmith is here to explain.