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Christopher Luxon: Prime Minister blasts Green's proposed wealth tax
Published 2 weeks, 1 day ago
Description
The Prime Minister's blasting the Greens' wealth tax, saying it would make Kiwis poorer and drive away investment.
The party's proposing a 2.5% tax on net assets above 10 million dollars, excluding the family home - alongside income tax cuts for people earning under %160,000 dollars.
Chris Luxon says National's focused on growing the economy, while Labour has an 18-billion-dollar hole in its plans.
He told Mike Hosking that Labour would have to cover it through higher taxes or more debt, while their partner is coming out with financial lunacy.
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