A hope and a prayer aren’t going to fix the fiscal hole which will be made to fund tax breaks of tens of thousands of dollars for landlords, including themselves.
Nicola Willis seems to think that they’ll voluntarily reduce rents but this will give landlords the opportunity to buy more properties and push prices up, again.
I remember that last time the Nats gave unaffordable tax cuts, they increased GST — even after they said they wouldn’t. GST puts a larger tax burden on the poor and the pensioners who spend all of their income to survive.
Nicola Willis was John Key’s chief policy adviser at the time.
In the meantime, Labour continues to announce good policy which will improve lives and health, with free dental care for those under 30. Labour can afford this because they don’t need to help sell houses or enrich landlords.
Mary-Ann de Kort