National seems intent on maintaining a tax cut programme should it become Government
National says it will not water down its plans for tax cuts because of the economic slowdown, saying the short-term pain of a hit on the Government's books will pay off in longer-term economic benefits.
Despite Labour saying there is no room for substantial tax cuts without borrowing or cuts to services, National MP Bill English said yesterday the party was still hoping to offer "significant" reductions in tax.
Speaking earlier on TV One's Agenda, he said National was focusing on the longer-term benefits it expected tax cuts to have on economic growth, but effectively admitted there would be a short-term fiscal impact.
"If there's some fiscal impact of them in the short term, that may be worth wearing for the longer-term benefits and that's our focus."
