Nats reshuffle the fiscal deck for 2017 tax cuts

Mon, 08 Sep 2014

By Pattrick Smellie Sept. 8 (BusinessDesk) - The National Party has reshuffled its existing future spending and debt reduction commitments to prioritise "modest" tax cuts, worth perhaps $1 billion, which would be targeted to start from April 2017, ahead of the next general election scheduled after the one occurring this month. The cuts would target low and middle income earners. While details are scant, Prime Minister John Key appeared to suggest an annual value of perhaps $500 for an average wage and salary earner or $1000 per average ho...

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