• How do people feel about tax cuts coming into effect?

  • Jul 31 2024
  • Length: 2 mins
  • Podcast

How do people feel about tax cuts coming into effect? By cover art

How do people feel about tax cuts coming into effect?

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  • Summary

  • Tax cuts come into effect today, it's the first adjustment to tax brackets in 14 years. The cuts are expected to cost 3.7 billion dollars a year and are being funded by savings and other revenue initiatives like jobs losses in the public service. Independent analysis has found thousands of families will be worse off under the changes and top 40% of earners will get nearly two thirds of the money. Visual journalist Nathan McKinnon asked people on the streets of Christchurch how much money they'll be getting and how they feel about getting some more money in their pockets.
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Politics & Government
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