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Tax cuts finally come into effect: Will it help ease the cost of living?
Description
The Government’s long-awaited tax cuts are finally coming into effect from today.
National campaigned strongly on the cuts, and on Budget Day announced a $14 billion tax package for the next four years.
The average Kiwi should soon receive an extra $40 a fortnight to spend how they wish, with more benefits coming for parents, but the lowest income earners are only set to gain $9.
So, is this tax package fair for all – and will it provide the cost of living relief the Government promised?
Today on The Front Page, we’ll get the political rundown from New Zealand Herald deputy political editor, and On the Tiles podcast co-host, Thomas Coughlan, and then get insight on how to best use your tax cut from Auckland Central Budgeting’s Teresa White.
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You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.
Host: Georgina Campbell
Sound Engineer: Paddy Fox
Producer: Ethan Sills
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