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Hi Friend,
There are eight days left until polls close, and we have a chockablock update for you this week.
Your humble Taxpayers' Union has been travelling the length of the country towing the Debt Clock to highlight the high levels of Government debt. Right now Grant Robertson's borrowing amounts to more than $82,131 for every kiwi household. That debt our kids (and grandkids) will be paying back!Watch the online version of the debt clock at www.debtclock.nz <[link removed]>
The National Party's Auckland Central candidate Mahesh Muralidhar's reaction to Grant Robertson's borrowing...Â
And with the debt and big spending, Grant Robertson is waving goodbye to our best and brightest leaving for better economic climbs. Robbo and Chippy's new business, Robbo's Removals, is doing a roaring trade â already having helped 218,000 since 2017 flee! So call Grant Roberston right now on 0800 Tax Flee (0800 829 3533)
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So how are things looking with just over a week to go until election day...
NEW POLL â Big movers: ACT down, NZ First up đ
Available exclusively to supporters like you, the results of our October Taxpayers' Union â Curia poll are out.Â
National is up 0.9 points on last month's poll to 35.9% while Labour is also up by 1.4 points to 27.9%. While the Greens are down 2.1 points at 10.6%, they are now in third place ahead of the ACT Party, which has dropped sharply by 5.2 points to 9.1%.
NZ First holds balance of power â both blocs would require him to govern âŤđ
New Zealand First sees a big boost of 3 points to 6.9% putting Winston Peters once again in the kingmaker position and giving him the power to determine the composition of the next Government. The MÄori Party is also up 0.8 points on last month to 3.7%.Â
Here is how these results would translate to seats in Parliament, assuming the MÄori Party retains an electorate seat:
National is up 1 seat to 46 while Labour is constant on 35 seats. The Greens have dropped 4 seats to 13 while ACT has dropped 7 seats to 12 . New Zealand First is back in Parliament on these numbers with 9 seats while the MÄori Party is up 1 seat on last month to 5.Â
This means that neither the Centre-Right bloc who are projected to have 58 seats (down 6 on last month) or the Centre-Left bloc who would have 53 seats (down 3) could form a Government on their own and would require the support of New Zealand First.Â
After tying with Chris Hipkins in the Preferred Prime Minister stakes last month, Christopher Luxon pulls ahead on 29% (up 4 points on last month) compared to Hipkins' 27% (up 2 points). David Seymour has dropped 4 points to 4%.
Visit our website for more information â including favourability scores for the party leaders â and details of how to get access to the full polling report. <[link removed]>
Chris Hipkins: Taxpayers' Union's number one fan â¤ď¸đ
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While we value all of our supporters equally, it has been particularly gratifying to discover we have fans right at the top of the Beehive! We must be doing something right, as our good friend Chippy hasn't been able to stop talking about your humble Taxpayers' Union and our campaigns.
We have put together a 30-second compilation of some of the shout outs he has given us in the last few weeks. <[link removed]>
đWatch the video here. <[link removed]>
EXPOSED: How much is the Inflation Tax costing you? đŞđ¸
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After years of campaigning on the issue of inflation tax (or 'bracket creep'), we are delighted to see the issue getting attention from politicians and the media.
Every year, inflation sees more and more New Zealanders tip into higher tax brackets, even thought their 'real' (inflation-adjusted) income stays the same. It means that we all pay higher and higher average tax rates over time without a single law being passed, or vote in parliament to hike taxes.
They say it takes a crisis to get the support required for necessary reform and, as painful as the current levels of inflation are, it is a perfect opportunity to lock in annual inflation adjustments of income tax brackets.Â
While a number of political parties are campaigning on adjusting tax brackets for inflation, none of them is committing to a robust proposal that would actually stop politiciansâ from stealthily sticking their fingers into your wallets for more and more tax every year.
No Taxation Without Indexation! đާđŁ đĽ
ACT and the National were both once committed to automatically adjusting tax brackets for inflation. Now only National has the policy â but the party has watered it down to every three years (just before elections...) and only at Cabinet's discretion 'if fiscal conditions allow'... đ
We say that's not good enough and have just launched a new website at www.AxeTheInflationTax.nz <[link removed]>Â to make it easy for taxpayers to add their name to the fight against inflation tax and call for income tax bracket indexation.
Use the online calculator to find out how much the inflation tax since 2010 is costing you. <[link removed]>
Please also take a moment to sign the petition and let the politicians know where you stand. <[link removed]>
WellingtonNZ hits the wrong key â¨ď¸đĽ
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This week, our Investigation Co-ordinator, Oliver Bryan, exposed WellingtonNZ's pricey hot button issue. WellingtonNZ is Wellington City Council's so-called economic development agency â but they certainly weren't developing Wellington much in forking out a whopping $470,000 on a frivolous marketing charade in New York <[link removed]>.
After flying staff to New York they created a huge 'ESC' key, meant to symbolise an 'escape' from the Big Apple to Wellington. But the $130,000 stunt was binned just seven hours after its launch! A âdeleteâ key would have been more appropriate.
With just 100 real-life attendees (passers by) the New York show was a flop at $1,300 per attendee.
We were then told it was about the "online traction". But we got the figures for that too: a costly $14 per view (for comparison, your humble Taxpayers' Union pays just cents for our online and social media paid campaigns).
Adding insult to injury, a delegate from WellingtonNZ took a six-night keyboard journey to New York for this fleeting seven-hour debacle.
We say that rather than an 'ESC' key, WellingtonNZ needs a factory reset...
The Battle for TÄmaki: Did you catch the fiery debate? đđŠˇ
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It was great to see a packed house on Tuesday for our final electorate debate ahead of the election in TÄmaki. Our exclusive Taxpayers' Union â Curia electorate poll showed what was once a National stronghold can no longer be considered a safe blue seat. Incumbent National MP, Simon O'Connor, and his main challenger ACT Party Deputy Leader, Brooke van Velden, are locked in a statistical tie. <[link removed]>
The debate was fiery and funny with two strong candidates showcasing their alternative visions for the TÄmaki electorate. Simon and Brooke battled it out over law and order, the cost of living, the economy and climate change.
You can watch the replay here. <[link removed]>
New Report: The ineffectiveness of a tax-free threshold đ¤đď¸
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Both the Greens and Te PÄti MÄori have proposed tax-free thresholds as part of their tax plans for this election. Like Labour's GST pledge, it is another policy that might look good at first glance, but as soon as you dig a little deeper, you'll hit fishhooks.
The key problem with tax free thresholds is that they're expensive but result in very little 'bang for buck' in terms of increasing economic output or incentives to work. The economic literature is pretty clear: it's the marginal tax rate that matters. Tax-free thresholds mean than more tax must be collected at the higher ends - meaning less incentives for workers to up skill, increase working hours, or otherwise get ahead.
Our Research Fellow, Jim Rose has written a new report looking at the impacts of implementing a tax-free threshold and concludes that the policy would be an expensive and poorly targeted way of reducing the tax burden and increasing after-tax incomes of New Zealand families. <[link removed]>The report demonstrates that â like the GST policy â a tax-free threshold fails to effectively target those people its advocates intends to support with this initiative.
Have a read Jim's full report here. <[link removed]>
đŹÂ One more thing â apology to Winston incoming! đ¨
Yesterday we sent an email to many of our supporters asking the question that most people are: Will Winston Peters go with National, or Labour if NZ First are kingmaker?
After the email was sent, Jordan received a very terse (not to be repeated here!) email from Winston himself. Among his complaints was that he did not say in 2017 that he would go with the largest party, rather that he would speak to first the largest party. We apologize for the error.
Winston wants you to know: He won't be calling Hipkins đľ
Mr Peters insists that 'this time it's different', and we note that his Party has released a video stating New Zealand First will not return Labour to power <[link removed]>. <[link removed]>
Thank you for your support.
Yours aye,
Callum Purves
COO and Head of Campaigns
New Zealand Taxpayersâ Union.Â
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Media coverage:
The Post Winston Peters and the great coalition jockeying game <[link removed]>The Post School lunches, Covid-19 and pseudoephedrine on the campaign trail <[link removed]>Stuff'My heart couldnât take it any more': How Northland has become a hotbed of frustration, anger and distrust <[link removed]>Interest.co.nz Those whose salary depends upon them coming to terms with the fact that the beliefs of the paymasters have changed tend to get with the programme pretty smartly, writes Chris Trotter <[link removed]>Asia Pacific Report NZ election 2023: Bryce Edwards: The most hollow campaign in living memory <[link removed]>The Platform Will the racists please stand up? <[link removed]>NZ Herald Election 2023: The Front Bench - Heather du Plessis-Allan, Jordan Williams, Phil OâReilly, Richard Hills on big political issues <[link removed]>Newstalk ZB The Front Bench: Luxon confirmed he'll work with Peters- could National lose support? <[link removed]>Kiwiblog Grant's new job <[link removed]>Newstalk ZB Taxpayers Union: Tory Whanau being arrogant for taking economic well-being manager on 10-day trip <[link removed]>NZ Herald Election 2023: ChlĂśe Swarbrick, Mahesh Muralidhar, Oscar Sims and Felix Poole go head to head in Auckland Central debate <[link removed]> <[link removed]>Newstalk ZB P <[link removed]>oll shows ChlĂśe Swarbrick in fight to hold Auckland Central <[link removed]> <[link removed]>NZ Herald Election 2023 live updates: Greenâs ChlĂśe Swarbrick in fight with Nationalâs Mahesh Muralidhar for Auckland Central <[link removed]>Politik The kindest cuts <[link removed]>Newstalk ZB Live: 'Scaring old ladies' Ginny Andersen hits out at National's Mark Mitchell <[link removed]>The Spinoff Labourâs fiscal plan doubles down on its âtrust us with your moneyâ aesthetic <[link removed]>Interest.co.nz Labour says there is enough room on the balance sheet to respond to another economic shock if needed <[link removed]>
Newsroom Fiscal plans fly as overseas voting opens <[link removed]>
Newsroom Hipkins Angered by Race 'one-liners' <[link removed]>foodticker Grocery code will drive up prices - Taxpayers' Union <[link removed]>Otago Daily Times Benefits of reducing work hours disputed <[link removed]>
NZ Herald Election 2023: Child poverty at issue as National, Labour vie over fiscal holes, welfare changes <[link removed]>The Press When two tribes go to war: Who watches leaders' debates? <[link removed]>Waikato TimesIf that's the solution, was there ever a crisis? <[link removed]>
Interest.co.nz National says it doesnât plan to provide financial support to local councils for water infrastructure under its alternative to Three Waters <[link removed]>NZ Herald Election 2023: Act Partyâs Brooke van Velden hot on Natâs Simon OâConnorâs heels in TÄmaki electorate - poll <[link removed]>Stuff Gore council CEO Stephen Parry says the bullying card is played too often in the workplace environment <[link removed]>
NZ Herald Election 2023: Audrey Young - Labour MPs need basic lessons in campaign discipline <[link removed]>NZ Herald Election 2023: National and Act candidates face-off in Auckland <[link removed]>Offsetting Behaviour The problems of a tax-free threshold <[link removed]>
The Daily Blog Tamaki Debate â Winners + Losers (with zero funding from NZ on Air) <[link removed]>
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New Zealand Taxpayers' Union Inc. - 117 Lambton Quay, Level 4, Wellington 6011, New Zealand
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