Quick Hit — Political Intelligence — Jo Luxton — Labour — Capital Gains Tax — Simeon Brown — Nicola Willis — Chris Hipkins — Farming — Election 2026 — NZ Politics
Quick Hit: Family Farm Means the Invoice
Luxton could not define family farm on HDPA, then walked dairy accommodation into a proportionate CGT. National claims an $18.8b hole. Sold a farm exemption, taxed the cowshed.
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Quick Hit: We Have Room
Day after PREFU, Hipkins tells Hosking there is room for pay equity in Labour's fiscal plan but will not put a line item on it. The costing is a vibe. The spend is a promise.
Quick Hit: Willis’s Better Books Came Partly Out of Your Trolley
Treasury has the deficit at $6.8 billion and next year within $0.8 billion of surplus. It says that is partly inflation lifting the tax take while spending allowances stay fixed, which is how Willis got there with no new taxes.
Quick Hit: Tradies Pay the Lawyers’ Loans
Labour will take 10 per cent off eligible student loans and wipe balances of $2000 or less entirely, at $583.4 million over five years. The debt moves to taxpayers and a doctor gets nearly four times what a teacher does.
Quick Hit: Don’t Write It Down
A curriculum lead was filmed telling staff the minister’s feedback was “OIA-able” and should stay out of writing. Now the chief ombudsman is formally investigating, and Erica Stanford says it’s a matter for her chief executive.
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From Major to Middling
Economic credibility is hard to earn. Once lost, it is even harder to regain. Compare the PREFU with what was promised and it is easy to see why 44 per cent of us no longer have confidence in either of the two middling parties.
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