] RADIO: 11 October. Farmingshow - on tax - Rt Hon John Key

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11 October 2007
RADIO: 11 October. Farmingshow - on tax

John and Jamie Mackay talk about the Government's newly announced $8.7 billion surplus. John points out that over the last four years alone the Government has racked up $34 billion in surpluses and that, despite a staggering tax take and all those attendant surpluses, at no time but the coming election year will tax cuts have been deemed affordable.  John also points out that bracket creep has produced the ludicrous result of seeing two-thirds of all secondary school teachers moving into the top tier of tax payments. John points to some likely scenarios for tax under a National Government.


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