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Thread: Budget 2010: Average family loses $55 a week - Goff

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    Default Budget 2010: Average family loses $55 a week - Goff

    Budget 2010: Average family loses $55 a week - Goff
    By Derek Cheng
    4:00 AM Friday May 21, 2010

    It's jam for everyone - except when you factor in the highest rate of inflation in 20 years and fee rises for early childhood education, in which case it's only jam for the wealthy.

    That's the blunt assessment from the Labour Party, which is rubbishing the Budget and Government estimates that the average household will be better off from the tax cuts.

    "It's a tax swindle," said Opposition leader Phil Goff. "This is a Budget, Mr English, that looks after you and your mates on your level of income.

    "The top 1 per cent of income earners will get 12 times the cut in their income tax than the average earner."

    Labour has crunched its own numbers and says that when inflation and a rise in early childhood education (ECE) fees are taken into account, the average family will be $55 a week worse off.

    More here.

    Tax cuts: How much extra you will get.
    Retailers say timing bad on GST rise.
    Other headlines from the Budget.
    Mother Bear

    Try to bloom wherever you are planted.

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    Justy is offline Junior Member
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    Default Tax cuts with one hand, but increases with the other

    That figures. I wrote to Phil Goff about a few issues and did not even get a reply.

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