The National Party promised “significant” income tax cuts in their first term. We never got them. They never intended them. Instead, we got “stimulus” and “home insulation subsidies”—and excuses that didn’t add up.
Promised again the next term, a few got a minor tax cut, “balanced” with a significant hike in GST for everybody in the country. (Despite a promise not to raise that at all!)
The promise for the third term had been watered down to “no new taxes.” And already, only a short time in, that promise too has been well broken.
So what are we to make of John Key “not ruling out” tax cuts in 2017?
After taking you for granted for so long, does it sound to you like the same old bullshit and jellybeans again? It sounds like that even to National blogger David Farrar, who says
I’m sorry but unless the tax cuts are in next year’s Budget, why should we believe we’ll get them? We’ve been teased with the possibility of tax cuts for the last term, and if they’re not going to deliver them in next year’s Budget, then why should people believe they’ll get them in a fourth term?
So if it beggars belef for core National supporters, how much less believable is to anyone else.