It's been a busy start to the year with so many things happening, not only in the electorate but also in Parliament. My latest newsletter is about to be delivered to the electorate - check it out below. My door is always open to constituents and I'm more than happy to meet to hear your views on issues that are important to you. Please feel free to contact my office and make an appointment.
CGT Flip Flop A Relief For Many Locals
The Government's backdown on the capital gains tax is a huge win for New Zealanders. Over the last year I have been inundated with letters, emails and visitors to my electorate office - all hard-working locals - who have taken the initiative to prepare for their future and their retirement by saving and investing. They told me they feared a capital gains tax would negate all of their sacrifice and hard work. For 18 months business owners, farmers, investors, KiwiSavers, lifestyle block owners and people who run businesses from home have been in a holding pattern while they waited for the Government’s decision on CGT. The relief expressed by people who have stopped me in the street has been overwhelming. These were the many voices that National has amplified over the past 18 months. Interestingly, the PM did not lay the blame for her backdown on NZ First - she conceded that she did not have a mandate from New Zealanders. For the last 12 years capital gains tax has been a cornerstone of Labour Party policy. Labour’s front bench politicians desperately want it; the unions want it; the Greens want it; but New Zealand does not. The deep divide between the public will and this Government’s tax plan became increasingly clear, hence the PM’s unwillingness to debate the issue, her backdown and her refusal to introduce a CGT under her watch. But while this decision will be a relief for many, New Zealanders need certainty and stability moving forward as the economy starts to show signs of weakening. Despite inheriting a strong economy from National, in mere months the Government’s poor management of the public purse has seen them fritter away billions on poorly-targeted pet projects. In lieu of sensible spending, we got billions delivered to Winston Peters to spend on Swedish embassies, race horses and the NZ First $3B survival fund (also known as the PGF). And despite splashing cash around, the number of New Zealanders needing assistance to eat and live is at a record high. Hardship assistance has increased by $48 million in the past year. Benefit numbers have increased by 13,000. Under this Government, rents have increased on average by $50 and there were an extra 70,000 requests for assistance for food in the last year. Over the next 18 months, the National Party will present our vision and plan for a growing economy with evidence-based, targeted services that allow us to deliver more to Kiwis across a broad range of areas while helping those most in need.