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New Zealanders Want Tax Cuts But Not At The Cost Of Social Services

Contributor:
Fuseworks Media
Fuseworks Media

Wellington, Oct 5 NZPA - Listen up Michael Cullen - nearly eight
out of every ten New Zealanders want a personal tax cut, according
to research commissioned by the New Zealand Business Council for
Sustainable Development.

But there was some respite for the finance minister who has held
out against calls for personal income tax cuts.

More than half would oppose tax cuts if they meant reductions in
spending on health, education or welfare.

People are looking the party that best balances these two
positions, according to the research.

"There is an overwhelming public demand for personal tax cuts
and a strong view the Government can afford to make them," said the
Council's chief executive Peter Neilson.

There were huge political stakes involved in how the tax reform
issue was managed, he said.

Sixty two percent of voters surveyed said tax would be the main
policy they considered when voting in the next election.

But 13 percent said a personal tax cut would be the single
biggest factor influencing their party vote, while 49 percent said a
tax cut policy that also balanced the need for continued social
spending would decide their party vote.

About a third said issues other than tax would be the main
influence on their party vote.

Overall 76 percent of New Zealanders believed the Government
should lower personal taxes and 72 percent believed tax cuts were
affordable.

Two thirds wanted a modest cut of $20 a week or less, while 13
percent wanted $30 or $40 a week.

More than 80 chief executives will discuss personal income tax
reform at a summit organised by the council on November 1.

The survey, carried out by ShapeNZ, questioned 846 respondents
nationwide between September 29 and October 1.

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