Tax cuts paid for by up to 13k more kids in poverty

The Kākā by Bernard Hickey · Feb 14, 2024 · 9m

TL;DR: The Government has reverted indexation for main beneficiaries to price inflation from wage inflation under Parliamentary urgency to save money for tax cuts, which it has been advised could drive an extra 13,000 kids into poverty.

The savings are also $1.36 billion less than National estimated before the election, expanding its fiscal hole created by the rejection of its to $2.96 billion foreign buyers’ tax to a total of $4.33 billion over four years.

Also, National wants to encourage foreign investors to buy land here to build homes as landlords, and to invest in big…