Labour’s fiscal strategy relies on higher taxes, spending and borrowing
Labour plans to increase taxes, spending and borrowing, with a proposed capital gains tax facing criticism over delayed revenue generation.
Labour's fiscal strategy involves more taxing, spending and borrowing, with a $130 billion figure at its centre. The proposed capital gains tax will not yield revenue for years, meaning increased borrowing will need to bridge the gap. The policy has attracted criticism from commentators who question its effectiveness.
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Coverage across the news outlets we track, as at publication.
What outlets are saying
NZ Herald
The $130b number you missed in Labour’s fiscal strategy
Labour is promising more taxing, spending and borrowing.
Newsroom
Labour’s high-risk debt shuffle
Comment: Proposed capital gains tax will not yield revenue for years, leaving increased borrowing to do the heavy lifting The post Labour’s high-risk debt shuffle appeared first on Newsroom .
NZ Herald
Why Labour’s capital gains tax policy is flawed – Oliver Hartwich
Labour’s proposed capital gains tax found no defenders in Wellington.