So the official line was that Labour listened to the people and the people wanted an input into how much and what type of tax they wanted to pay.
So now there'll be no taxation surprises before the 2020 election.
In reality Labour was spooked the yawning Reid Research opinion poll showing it 10 percent behind National and the backlash over what seemed like a taxation guillotine poised to roll hard working heads into a basket.
But looking at last night's Colmar Brunton poll, putting it four percent ahead, perhaps the neck on the block was a bit premature.
Just a few weeks ago in a Prime Ministerial job interview with The Herald Jacinda Ardern was adamant, sitting on a capital gains tax for one or maybe two years didn't seem right to her.
Ardern's predecessor Andrew Little had said he'd take the idea into the 2020 election and let the voter decide.
She recently, publicly reined in her deputy Kelvin Davis when he suggested they'd be waiting until the next election to do it as well.
Shelving Little's idea, she agreed during the job interview, it was a 'captain's call', the only person she consulted was her finance lieutenant Grant Robertson who she left to announce the back down.