Labour rules out tax cuts, promises cash for families with children
Labour is ruling out tax cuts and instead promising income boosts targeted at families with children, including a new 'best start' payment for parents of babies or toddlers.
The best start payment will provide $60 per week per child for all babies in their first year, and it will continue for low and middle income families until their child turns three.
Labour leader Andrew Little said now is not the time for tax cuts.
"National's priority after nine years is an election tax bribe aimed at those at the top."
"By saving $1.5 billion a year from National's tax cuts, we have freed up funding for a targeted package that delivers more to families with kids and people in need, and costs less than $900 million a year. This leaves more than $2 billion over four years for Labour to invest in housing, health, education, and infrastructure."
Labour is also promising to extend the eligibility and give a boost to Working for Families payments:
- Labour will extend Working for Families payments to 30,000 more families
- Working for Families payments would be increased $48 more than under National
It comes on top of a new winter energy payment for 1 million eligible people, which provides an income boost of $750 for couples and $450 for singles to pay for heating from May through to September.