National campaigned on a proposal to adjust the existing tax thresholds, but as part of coalition negotiations with ACT last year, it agreed to consider whether the “concepts” of ACT’s tax policy could be incorporated “subject to no earner being worse off than they would be under National’s plan”.

In simple terms, ACT would immediately axe the lowest tax threshold of 10.5 percent, meaning the government would collect more revenue from all income earners.

Some of that extra revenue would then be returned to low-and-middle income earners through a targeted tax credit to ensure they were not worse off.

The money left over would allow the government to reduce the higher tax rates at the top of the income scale - dropping the 33 percent rate to 30, and the 39 percent rate to 33

  • @[email protected]OPM
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    610 months ago

    I believe the average Act voter is voting for Act because they don’t like what they see in National or Labour, and not because they support Act policies. I’d put money on it that most Act voters don’t even know the key Act policies.

    • @[email protected]
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      410 months ago

      I can see that for this election, but haven’t they been around for 30+ years? There must be some people that actually believe in their policies

      • @[email protected]OPM
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        510 months ago

        Oh for sure, but I think that’s probably the couple of percent of people that they had in the 15 years before the 2020 election where National fell apart. I refuse to believe that over 8% of NZ think we should remove all building regulations, have private companies write school curriculum, or remove tax exemptions for charities.