The Government’s excuses for delaying tax cuts don’t stack up, says ACT Leader David Seymour in the wake of Treasury’s Half Year Update.
“Bill English admitted today that, even after earthquake costs are taken into account, a $473 million surplus remains. So why is Bill English talking down tax cuts when he knows he can afford them?
“We could, for example, update tax brackets to reflect changing incomes. It’s ridiculous that workers enter the top (33%) tax bracket when they earn just $70,000.