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How many tests does John Key plan to fail?

8 February 2008

How many tests does John Key plan to fail?

John Key needs to outline how many of Labour’s four tests for personal tax cuts National’s tax plan will fail, Finance Minister Michael Cullen said today.

John Key criticised the government’s tax cut tests yesterday saying,

“…Michael Cullen wrote the four tests which meant it is
virtually impossible to deliver them.”

“The Labour-led government will deliver personal tax cuts and we will meet our four tests when we do,” Michael Cullen said.

“The four tests are designed to ensure New Zealand’s economic platform – which has delivered the longest period of economic expansion since WWII – is protected. National does not seem to think that is important.

“Will John Key go into the election saying he will borrow for tax cuts?

“Will John Key go to the public and say his tax cuts would raise inflation and lead to higher interest rates?

“Will John Key tell New Zealanders that they can have their tax cuts only if they let him cut social services?

“Will John Key announce a tax cut package and declare that it would lead to greater inequality in our community?

“These are not the positions of a credible alternative government.

“In the meantime, National Finance Spokesman Bill English has been missing in action this year, even as the debate on the economy has gained prominence in recent weeks.”

ENDS

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