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Stuart Nash: Former Labour MP says he has no doubt Chris Hipkins will continue to lead the party into the 2026 election · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: So big Labor Party conference in christ it's at the weekend.
• 0:02
  Speaker 1: Rail Yes, you're getting your rail and able ferries across
• 0:05
  Speaker 1: the cook straight the need and you're getting your hospital
• 0:08
  Speaker 1: everything that was promised. The cuts, they will reverse them.
• 0:12
  Speaker 1: So how do you get back to surplus? How do
• 0:14
  Speaker 1: you balance the books?
• 0:15
  Speaker 2: I'm absolutely confident we'll be able to put out a
• 0:17
  Speaker 2: fiscal plan before the election, as we always do. That
• 0:20
  Speaker 2: shows that all of the commitments that we are making
• 0:22
  Speaker 2: will be able to pay for it.
• 0:23
  Speaker 1: On tax. Yes, they did discuss tax, but like fight club,
• 0:26
  Speaker 1: you don't talk about what you're talking. You don't talked
• 0:28
  Speaker 1: about the.
• 0:29
  Speaker 2: Remits process feeds into a policy process that will result
• 0:32
  Speaker 2: on us producing policy before the election.
• 0:35
  Speaker 1: So it did pass the tax remit. Joining us is
• 0:38
  Speaker 1: former Labor Minister Stuart Nasha.
• 0:40
  Speaker 3: Good morning, good morning, right, how are you? Yeah? Really good?
• 0:43
  Speaker 1: Thank you. Good to have you on the show. What
• 0:45
  Speaker 1: did you think yesterday the call around Orcus, which I
• 0:49
  Speaker 1: would have thought you would want to leave it up
• 0:50
  Speaker 1: your sleeve as a bargaining chip, wouldn't you Rather than
• 0:53
  Speaker 1: rule it out.
• 0:54
  Speaker 3: You'll leave it you willed out at the moment. You know,
• 0:56
  Speaker 3: Labour's always been very much about for an independent foreign policy.
• 1:02
  Speaker 3: You wouldn't tas after the US and UK at the moment,
• 1:04
  Speaker 3: would you really? I just think you'd know, you'd rule
• 1:07
  Speaker 3: it out and see what happens.
• 1:09
  Speaker 1: What about the tax, I mean, it's obviously the remit
• 1:11
  Speaker 1: has passed, but there's a lot of water to go
• 1:13
  Speaker 1: under the bridge. What's your peck of how they will
• 1:16
  Speaker 1: how they will offer this tax increase, be to capital
• 1:21
  Speaker 1: gains or whatever.
• 1:22
  Speaker 3: Yeah, as far as I'm aware, there are probably two
• 1:25
  Speaker 3: people in the country who don't believe we need a
• 1:26
  Speaker 3: kepital gains tax. One of them is Nicola Willis and
• 1:28
  Speaker 3: the other one is Chris Luxon. I think everyone else,
• 1:31
  Speaker 3: every sensible economists, the business around table to talk about it. Now,
• 1:35
  Speaker 3: your major agencies are saying we need a capital gains tax.
• 1:37
  Speaker 3: You know, we tax labor. If they don't tax capital
• 1:40
  Speaker 3: just doesn't seem right. So you know, when the reporter
• 1:44
  Speaker 3: and the stand up asked, how are you going to
• 1:45
  Speaker 3: balance the budget or how are you going to meet
• 1:47
  Speaker 3: all your physical obligations? Well it will probably be through
• 1:51
  Speaker 3: some form of capital taxation, which is necessary and everyone
• 1:54
  Speaker 3: agrees it is.
• 1:55
  Speaker 1: Yeah, But so that's interesting. So you don't think they
• 1:58
  Speaker 1: will offset it, because this was the thing that English
• 2:00
  Speaker 1: did so well, right with the GST. You off city
• 2:03
  Speaker 1: so well, we are going to increase taxes here or
• 2:05
  Speaker 1: introduces tax here, but we will cut taxes here, which
• 2:08
  Speaker 1: means it's physically neutral, which doesn't address the wider issue
• 2:12
  Speaker 1: that labor has, which is how do you afford all
• 2:14
  Speaker 1: the stuff you promise?
• 2:16
  Speaker 3: Look, I think there'll be a measure a bit of
• 2:18
  Speaker 3: both have any sort of capital gain tax, and I
• 2:21
  Speaker 3: don't think there'll be a wealth tax that's just nothing.
• 2:23
  Speaker 3: But any form of capital gain tax will will be
• 2:26
  Speaker 3: offset in either taxes and labor or tax for business,
• 2:30
  Speaker 3: for example, through accelerate depreciation, which is something we do
• 2:32
  Speaker 3: the hell of a lot to work on. Or what
• 2:34
  Speaker 3: you do do is you use a little bit of
• 2:36
  Speaker 3: it to pay off debt, because there's a lot of
• 2:38
  Speaker 3: debt around at the moment. I find Nikola that makes
• 2:41
  Speaker 3: me smile when she talks about labor spending. She has
• 2:44
  Speaker 3: spent more in last year's budget than labor spent in
• 2:47
  Speaker 3: any of its six budgets when we were in government,
• 2:49
  Speaker 3: So she's lost all her credibility, So it makes it
• 2:53
  Speaker 3: easier to introduce something like this, because, as mentioned, Nicholas
• 2:56
  Speaker 3: just lost her credibility when it comes to fistical and
• 2:58
  Speaker 3: economic methods.
• 2:59
  Speaker 1: Well, I mean, yeah, you could argue the book deteriorating
• 3:02
  Speaker 1: and that's out of her control et center blah blah blah.
• 3:05
  Speaker 1: But you guys did the same.
• 3:06
  Speaker 3: The fourteen billion dollar checks cast.
• 3:10
  Speaker 1: Anyway, Hey, just for you guys, you will be the
• 3:13
  Speaker 1: leader at the next election.
• 3:14
  Speaker 3: You reckon. I have absolutely no doubt if he wants
• 3:16
  Speaker 3: to be the leader, and I'm assuming he does because
• 3:18
  Speaker 3: he's sort of he's engaged his pastor Look, the main
• 3:21
  Speaker 3: goal of a conference one year out, one year after
• 3:24
  Speaker 3: an election, two year out from an election, is to
• 3:27
  Speaker 3: send the faith of the way believe in that the
• 3:29
  Speaker 3: party can win the next election. So it's got to
• 3:32
  Speaker 3: be upbeat. It's got to be it's got to be positive.
• 3:36
  Speaker 3: And I think this this was. You know, you've got
• 3:39
  Speaker 3: a prime minister who is the most unpopular prime minister
• 3:44
  Speaker 3: one year out from an election that you've ever had,
• 3:46
  Speaker 3: and I think labors are Lady's doing quite well. I
• 3:51
  Speaker 3: think the supporters will have walked away going, yeah, we
• 3:54
  Speaker 3: could do it. You can't mind labor your next ones.
• 3:57
  Speaker 3: It's not about pat coalition parties, but labors are as
• 4:00
  Speaker 3: will have walked away, Sick bakon Beat National. That's the
• 4:02
  Speaker 3: main goal, out of the allega, out of the Kempaign,
• 4:04
  Speaker 3: out of the Sorry conferences.
• 4:07
  Speaker 1: Great to have you on the show, stud Nash for
• 4:08
  Speaker 1: Lon miss for more from Early Edition with Ryan Bridge.
• 4:12
  Speaker 1: Listen live to News Talks.
• 4:14
  Speaker 2: It'd be from five am weekdays, or follow the podcast
• 4:17
  Speaker 2: on iHeartRadio.