The Taxpayers’ Union says Labour’s fiscal plan is not
credible, with billions of dollars of new spending promises
left unanswered for.
Taxpayers’ Union spokesperson
Tory Relf said:
“Labour has around $33 billion of
new spending commitments to pay for, but even on its own
numbers the sums do not come close. Its capital gains tax
supposedly raises $2.8 billion, reversing the heated tobacco
tax changes $365 million, and scrapping Investment Boost
another $7.7 billion.”
“It doesn’t take an
accountant to see those numbers don’t add up, but maybe
the Labour Party would benefit from hiring a
few.”
“Since being called out on the
$24,358-per-household cost of its plans to raise spending to
33 percent of GDP, Labour has backed away from them. And
after getting caught out announcing more than $5.5 billion
of uncosted foreign aid spending, that promise has failed to
get a mention in its fiscal plan too. You can’t help but
wonder what else Labour is hoping nobody
notices.”
“Now we are meant to believe Labour can
wind back planned savings, restore pay equity, spend tens of
billions more, balance the books and bring debt down at the
same time. Who on Earth is this meant to
fool?”
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