Revealed: Landlord tax cuts will cost hundreds of millions more than ACT, National campaigned on (www.newshub.co.nz)

submitted 2 years ago by BalpeenHammer to c/politics

21 comments fedilink hide all child comments

They knew what the true cost would be and hid it.

all 24 comments

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[-] Fizz 15 points 2 years ago

Landlord tax cuts? You've got to be shitting me why are they getting tax cuts

[-] TagMeInSkipIGotThis 9 points 2 years ago

The real estate industry as a whole donated heavily to both National and Act. Not just landlords, but also estate agents etc. They desperately want more activity in the property market even if it means house prices start going up again.

[-] liv 6 points 2 years ago

even if it means house prices start going up again

They definitely want house prices to start going up again.

National campaigned on several measures that have a known effect of raising house prices e.g. narrowing the RBNZ mandate, moving the bright line test, reintroducing tax incentives.

[-] Viking_Hippie@lemmy.world 8 points 2 years ago

I'm from a completely different continent, but still feel pretty confident in answering "because National is a bunch of corrupt demagogues who are against everything good and in favor of everything bad".

How close am I?

[-] Kraiden@kbin.run 4 points 2 years ago

pretty spot on sadly

[-] Viking_Hippie@lemmy.world 2 points 2 years ago

Yikes! It's even worse than I thought! 😬

[-] Rangelus 12 points 2 years ago

I'm shocked. 😐

[-] HappycamperNZ@lemmy.world 6 points 2 years ago

Shocked.

Well not that shocked.

[-] Ozymati 6 points 2 years ago* (last edited 2 years ago)

I'm pretty sure they had no idea about the cost. They probably asked their finance minister, who, instead of reading the paperwork tossed a kina at a flock of seagulls and interpreted their reaction as the answer.

[-] Viper_NZ 5 points 2 years ago

We'll continue to have an unreliable, potentially dangerous and end of life interisland ferry service - but at least Landlords will be able to keep their BMWs current.

[-] BalpeenHammer 1 points 2 years ago

What's going to happen when some disaster strikes and hundreds of people die.

[-] flambonkscious@sh.itjust.works 4 points 2 years ago

I'm so glad we've got some responsible financial stewardship after all this time!

[-] purrtastic 4 points 2 years ago* (last edited 2 years ago)

And yet:

National/ ACT/ NZ First (55%) increase lead over Labour/ Greens/ Maori on 41% – now at 14% points

https://www.roymorgan.com/findings/9483-nz-national-voting-intention-february-2024

I don't understand the values of this country anymore

[-] TagMeInSkipIGotThis 2 points 2 years ago* (last edited 2 years ago)

Its pretty common that folks will cement their opinion after an election. Buyers remorse tends to take a bit longer to kick in.

[-] AWOL_muppet 2 points 2 years ago

Asked how he got the numbers so wrong on interest deductibility, Luxon said, "we didn't".

Does that mean they lied originally, or he's lying now?

[-] BalpeenHammer 2 points 2 years ago

He lies constantly so both.

[-] Ozymati 1 points 2 years ago

Nasty budget surprises? I'm so surprised.

this post was submitted on 11 Mar 2024

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