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NZ Herald political reporter: Hipkins ruled out wealth tax to maintain strong party vote

Author
Newstalk ZB,
Publish Date
Sun, 16 Jul 2023, 11:45am
Chris Hipkins. Photo / Mark Mitchell
Chris Hipkins. Photo / Mark Mitchell

NZ Herald political reporter: Hipkins ruled out wealth tax to maintain strong party vote

Author
Newstalk ZB,
Publish Date
Sun, 16 Jul 2023, 11:45am

Chris Hipkins confirmed he's pausing tax changes while he's in office.

Documents revealed that Labour had planned to introduce a wealth tax affecting 46,000 New Zealanders, but that plan was ultimately scrapped.

NZ Herald political reporter Michael Neilson says Labour's clearly concerned about where they're sitting in the polls- both the Taxpayers' Union - Curia poll and Talbot Mills poll placed Labour below National.

"There's a bit of concern about where they are, and obviously Hipkins made the decision- he wasn't going to be able to sell this to the public and maintain a strong party vote."

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