Quote:
quote:Originally posted by tricha
Final bullet into a dropping property bull?
Yep, it has happened, they fired the ending bullet.
I can not understand it, sounds like the labour party are out to lose.
Immigration falling, this will plument it surely.
Housing will now plumment, thousands upon thousands of Young Kiwi's will be booked onto a plane to OZ.
Why, income, govt support, lower interest rates and juicy tax cut,its a no brainer.
Example come 1st July OZ tax on $6,000 nil, tax on the rest up to $30,000 something like 12%
The NZ Govt has a screw loose!
Think your confusing the labour government with the Reserve Bank, who have a mandate under the reserve bank act to ignore political considerations when governing monetary policy. Tax cuts would put upwards pressure on interest rates, not the other way around.