Axe the tax? Labour would if it could. But it can't. So maybe
the tax will stay. Maybe it won't. Who knows. Labour isn't
saying. And it won't be saying for quite a while yet.
Confusing? Not really. Labour's campaign to halt the
projected hike in GST is about the here and now. In the
lead-up to the Budget in late May, the campaign's sole focus
is just that - stopping the rise in GST.
Of course, Labour does not have a donkey's chance of doing
so. Its MPs will pretend otherwise, but the party's "Axe the
Tax" bus tour from Auckland to Dunedin will have zero impact
on National's intention to lift the rate of GST from 12.5% to
15%.
In fact, Labour's high-profile campaign has made it that much
more difficult for the Prime Minister to backtrack on GST.
That may have been Labour's unstated intention all along.
That may be one of several agendas operating below the
surface politics.
Come Budget day in late May and everything changes, however.
The tax hike will be official.
To borrow Phil Goff's analogy, the egg will be scrambled. It
is going to be pretty hard to unscramble it.
National's overall tax package will leave Labour nursing a
big political headache - how to make up the $2 billion
shortfall in revenue if Labour pledges to restore the rate of
GST back to 12.5%.
Labour won't say how. But it can hardly talk of raising
income tax rates which National will have just lowered. No
party - not least one coming from such a long way behind its
rival - can afford to saddle itself with that kind of
platform.
So will Labour accept that GST at 15% is here to stay? Labour
is unlikely to answer that question either.
National consequently thinks Labour's campaign on GST will
increasingly be seen as lacking any credibility unless it
says what it would do were it the Government.
But that is one thing Labour will definitely not be doing. It
is not going to be trapped into declaring a position which it
might later regret.
Mr Goff has been around long enough to remember National's
very own GST-induced political disaster. When Labour
introduced GST in 1986, National felt obliged to come up with
an alternative - the long-forgotten "Extax".
With Labour determining no items would be exempted from GST,
National saw a gap in the political market. Extax allowed
exemptions for basic foods, doctors' fees, local authority
rates and some charities. The tax was universally panned as
an administrative nightmare.
The ridicule prompted senior National MPs to lose faith in
the policy resulting in mixed messages as to where National
really stood on a broad-based consumption tax. Once the 1987
election was over, Extax was quietly buried and National
weighed in behind GST.
Labour has absorbed another lesson from National. At the last
election, National got away with not revealing a lot of
policy until the formal election campaign - much to Labour's
annoyance.
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