NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / New Zealand

Budget 2024: $14.7 billion in tax cuts comes at enormous collective, environmental, social cost - Chlöe Swarbrick

By Chloe Swarbrick
NZ Herald·
4 Jun, 2024 05:00 PM5 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Green Party co-leader Chlöe Swarbrick talks to Jenee Tibshraeny about Budget 2024. Video / Marty Melville
Opinion by Chloe Swarbrick

Chlöe Swarbrick is the Green Party co-leader and MP for Auckland Central.

OPINION

Together, we can do things that none of us could do alone.

There are very few people who have the individual wealth to build schools, hospitals, mass public transport networks and thousands of state homes.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Few could afford to hire the rangers to manage the conservation estate that covers a third of the country, protect our borders from invasive pests, or wrangle down climate-changing emissions across industries.

There’s next to none who could afford our annual $20 billion-plus superannuation bill.

That’s why we form society.

A dollar of one’s own money might be enough to buy a bag of lollies from the dairy.

Advertisement
Advertise with NZME.

But a dollar from each of the approximate 3.38 million taxpayers in this country helps seed serious investment in the challenges we all face.

In fact, we could levy that investment fairly on the basis of what we can afford to contribute.

That means taxing wealth, not just work.

Unfortunately, politics for most of my lifetime has been focused instead on arguments around who can spend that isolated dollar better, obscuring the critical questions of how we confront the climate and inequality crises, drivers of crime and $200b infrastructural deficit.

These issues impact all of us, and we genuinely cannot deal with them in isolation.

Regular people have been primed by decades of political debate informed by trickle-down economics to look at a government Budget and ask “What’s in it for me?” instead of where we as a country are going.

The bloody-minded pursuit of $14.7b in tax cuts announced in last week’s Budget comes at enormous collective, environmental and social cost.

We’re talking about delivery on one short-term, heat-of-the-moment election promise that in the cold light of day doesn’t really stack up, least of all to meaningfully reduce the cost of living.

We’re talking about political decisions that kick the can down the road on every mounting long-term issue we’re facing.

The Government is dancing on the head of a pin to argue the cuts are “fully funded” from slashing-and-burning programmes for half-price public transport, conservation, climate, state housing builds, 20 hours free early childhood education, community energy funds, laptops for teachers, freshwater programmes, agriculture emissions pricing and more.

Advertisement
Advertise with NZME.

But this doesn’t hide the fact that the Government is borrowing an extra $12b above December’s forecast.

At the collective cost of nearly $15b to invest in our infrastructure and collective problems, the maximum tax cut an individual without children can receive is $26 a week.

Meanwhile, properties on Trade Me have risen by an average of $50 per week since last year.

The Reserve Bank told us that the $2.9b tax cut for landlords will serve to bid up the cost of housing, while Treasury’s Budget Economic and Fiscal Update tells us rents are forecast to continue rising rapidly.

Government decisions also mean public transport costs have doubled for around 774,000 children, young people and their families.

Throughout the campaign, in office and post-Budget, Prime Minister Christopher Luxon continued to tell us that these tax cuts would mean families would be better off by $250 a fortnight.

Advertisement
Advertise with NZME.

As it transpires, just under 3000 families will be eligible for that level of tax cut.

Meanwhile, around 9000 will be worse off as a result of these tax changes.

This means that triple the amount of people will be worse off than those who actually receive the benefits National built their campaign upon.

They’ll be hoping these broken promises and inconvenient facts are swept up in general political frustration and quickly forgotten.

Between the co-Deputy Prime Ministers igniting culture wars over bathroom access and “woke food”, shredding of environmental and climate programmes in order to pour oil, coal and gas on the climate crisis fire and rushed legislative agenda to wilfully misinterpret and deprioritise our constitutional foundations in Te Tiriti, there’s a lot to keep anyone who cares about our country busy.

The task in front of us is not just to mobilise and organise to stop the bad stuff.

Advertisement
Advertise with NZME.

Perversely, it’s those profiteering from the deeply unfair and unequal status quo who benefit if that’s where the battle lines are drawn.

Our work must go deeper.

Within our homes, workplaces, educational institutions, neighbourhoods and communities, it’s time for us to have overdue, hard and long conversations.

It’s time to talk about what we value, who we are, and how we all – collectively – can make that happen.

It’s time to stop letting the agenda be set by mainstream political incentives to respond to the immediate polling and issue of the day at the expense of our shared future.

It’s time to do this from the grassroots up.

Advertisement
Advertise with NZME.

Our democracy, our politics and our future don’t belong to any one political party nor politician nor prime minister.

It belongs to you – to all of us.

Once upon a time, the idea of women voting, let alone occupying seats in Parliament, the idea of civil rights, of legal personhood for rivers and mountains, and the right for me to marry who I love, were all impossible to fathom.

These changes didn’t happen by accident.

They weren’t ideas magicked up by politicians in the midst of election campaigns.

They were values and causes fought and won by enough regular people who put enough pressure on enough politicians to change the course of history.

Advertisement
Advertise with NZME.

We’ve done it before and we can do it again.

Save

    Share this article

Latest from New Zealand

New Zealand

Man charged in fatal South Auckland crash, further charges possible

01 Jul 08:10 AM
PoliticsUpdated

'Until we meet again': Hundreds gather in Taihape to mourn 'peaceful leader'

01 Jul 08:00 AM
New Zealand|crime

'I am scared of drug money': Money launderer's staff complained cash was wet, sticky

01 Jul 08:00 AM

There’s more to Hawai‘i than beaches and buffets – here’s how to see it differently

sponsored
Advertisement
Advertise with NZME.

Latest from New Zealand

Man charged in fatal South Auckland crash, further charges possible

Man charged in fatal South Auckland crash, further charges possible

01 Jul 08:10 AM

A 56-year-old man faces charges including dangerous driving causing death.

'Until we meet again': Hundreds gather in Taihape to mourn 'peaceful leader'

'Until we meet again': Hundreds gather in Taihape to mourn 'peaceful leader'

01 Jul 08:00 AM
'I am scared of drug money': Money launderer's staff complained cash was wet, sticky

'I am scared of drug money': Money launderer's staff complained cash was wet, sticky

01 Jul 08:00 AM
Atmospheric river to swamp parts of northern NZ, flood-hit South Island braces for fresh deluge

Atmospheric river to swamp parts of northern NZ, flood-hit South Island braces for fresh deluge

01 Jul 07:43 AM
From early mornings to easy living
sponsored

From early mornings to easy living

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP