Capital gains tax and rents
John Key say that a CGT will push up rents.
Australia‟s experience with CGT is that over time, rents generally have increased at the same rate as inflation. This was in line with pre-CGT rental increases.
Capital gains tax
John Key says we have a capital gains tax. John Key says a CGT is a dagger through the heart of the economy.
Which is it?
Minimum wage
Key on raising the minimum wage: in the real world we live in it costs jobs.
The Treasury report refutes this.
Debate prep.
Thanks for joining us
See you Wednesday the 23rd of November for the next debate.
[Authorised by Chris Flatt, 160 Willis St, Wellington]
Environment
Key says he’s proud of their environmental record.
That included investigating mining in our most precious national parks.
Asset sales
Key says on asset sales that he’s been incredibly transparent.
Yet back in 2008 he promised “I’m not interested in selling assets – I’m all about building assets”. (John Key Speech, My Key Commitments to You, 12 October 2008). Now he’s selling them.
Unemployment
Key says he has created 63,000 new jobs.
Unemployment has increased by 50 per cent, leaving 157,000 New Zealanders out of work.
Neutral tax cut
Key says that across the board tax cuts have been neutral.
National’s tax cuts for the most well off were supposed to paid for with the GST. They actually cost an extra $1.1 billion in their first nine months.
Child poverty
Key says kids in poverty are by and large are in benefit dependent households.
Half of the children now living in poverty are from working families whose wages were so low they could not adequately care for them.
Thanks for joining us
We’ll be back for the next leaders’ debate on Monday 21 November.
See you then!
[Authorised by Chris Flatt, 160 Willis St, Wellington]
NZ Super
John Key says NZ Super is affordable long term.
Treasury says the cost of Super will double over the next 40 years. They warn if we don’t raise the age of eligibility we’ll have to increase GST to 19% or people will have to pay $30 more a week in income tax.
Record
Key says he should be judged on his record.
Key claimed his cycleway would produce 4000 jobs. It has only produced 511.
