Thread: No personal tax cuts again?
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Old 15-05-2007, 05:47 PM
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Looks like that's it then.

Government says NO to personal tax cuts
5:00AM Tuesday May 15, 2007
By Paula Oliver

Any prospect of a cut in personal income tax rates in Thursday's Budget was emphatically ruled out by Prime Minister Helen Clark yesterday.

Though it might invite a backlash from voters already turning against Labour in opinion polls, the Budget is unlikely even to foreshadow a personal tax reduction in coming years.

The earliest a general tax cut might be signalled is in next year's Budget - an election year - and Finance Minister Michael Cullen reiterated yesterday that any cuts then would need to be sensible and affordable.

Final confirmation that Labour will not deliver personal tax cuts in this Budget came from Helen Clark, who yesterday affirmed signs that have been coming from Dr Cullen.

"It's been pretty well signalled that people should not expect personal tax cuts in the Budget," the Prime Minister told Newstalk ZB.

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