National needs a Capital Gains Tax - it's still borrowing to pay for tax cuts

The deficit-funded tax cuts that National gave the high income earners is still being paid for by borrowing.

When National won office at the end of 2008, they had a mandate to give median income earners a tax cut 'north of $50 a week'. At the time John Key made that promise he explicitly pledged not to increase GST to pay for it.  

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World News Brief, Friday April 10

Iraqi troops launch offensive to free Anbar province; North Korea fires missiles ahead of US defense chief arrival in Seoul; China gains land through island-building in South China Sea; Norway to boost power investment in Africa; new evidence of atrocities in Ukraine; and more

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World News Brief, Wednesday April 8

UN Security Council demands humanitarian access to refugee camp in Syria; explosions at Chinese chemical plant injure 14; Malaysia passes bill to allow suspected terrorists to be detained for up to two years without legal representation; Boko Haram storms village; Rand Paul to run for US President; and more

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Strong New Zealand dollar doesn't mean strong New Zealand economy; it just means our interest rates are higher

What we are witnessing is an old fashioned ideological debate, dressed up as economics.

The high dollar and its causes suit people who have a lot of New Zealand-denominated wealth; a lower dollar is better for producers - people who use capital to earn money.

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Step One on the path to a historic nuclear deal for Iran

Iran has promised to abide by the rules as world powers begin the next stage of stripping its path to a nuclear weapon. In return the crippling economic sanctions which brought Iran to the table will go. At this point there is good cause for optimism, albeit of the trust but verify kind. Only an idiot would prefer War over Jaw.

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