Labour candidates split over capital gains tax

  • 07/11/2014

Labour Party leadership candidates are split over the party's capital gains tax policy.

Grant Robertson, Nanaia Mahuta, David Parker and Andrew Little appeared in a debate in Hamilton on The Nation this morning.

Mr Little blames the party's election loss on the capital gains tax policy, which would tax people who own rental properties, as well as the party's policy to raise the retirement age to 67.

Ms Mahuta says there isn't enough support for the tax and the party should only implement it when there is.

Mr Robertson and Mr Parker support the policy.

Mr Parker said he took his share of the responsibility for it.

"I also take my share of the responsibility for restoring our fiscal credibility and producing a balanced alternative budget."

None of the candidates said they supported to policy to raise the retirement age.

Mr Parker said the party should hold a referendum on the retirement age to gauge public support.

Ms Mahuta won the support of the audience in the debate with a home advantage.

However, overall there was no clear stand out, with each having a different approach.

Candidates were asked to give new slogan for the party.

Ms Mahuta: "A New Zealand that works for all of us".

Mr Little: "No one left behind".

Mr Robertson: "A New generation to win".

Mr Parker: "Working New Zealanders voting for us".

Under Labour's rules, votes are weighted to give the caucus 40 percent, party members 40 percent and the seven affiliated unions 20 percent.

The four candidates are speaking at a series of meetings around the country and most members are expected to make up their minds after hearing what they have to say about themselves.

The new leader will be announced on November 18.

NZN

source: newshub archive