Possible tax cuts would be aimed at supporting low to
middle income New Zealanders, according to Prime Minister John
In an interview on TVNZ's Q and A this morning, Mr Key said
while low income earners are not "racing ahead" they're doing
better than they have been.
If tax cuts were to happen under a National-led government
following this year's general election, they would be to the
benefit of low to middle income earners, he said.
"I'd caution to say that we haven't designed a tax package
yet, we have said there is a bit of free room there we could
possibly use to give back to New Zealand."
"They're hugely expensive, and it's not going to be much."
Mr Key said he wouldn't rule out a corporate tax cut, too.
"Corporates want to be competitive. When they are
competitive, they're investing. When they're investing,
they're creating jobs."
However, he said businesses hadn't been "hammering" him about
the need for a corporate tax cut, and thought current
corporate taxes were about right.