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Debate Erupts Over Labour's Tax Policy Amid New Report

4/18/2026

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Russell Discusses Taxation

Deborah Russell (Labour MP) commented on a Tax Justice Aotearoa report urging a capital gains tax, wealth tax, and windfall taxes.
She acknowledged positives but did not confirm if Labour's proposed 28% capital gains tax would be sufficient.
Prime Minister Chris Hipkins dismissed the report's ideas, saying Labour's tax policy is already set.
Simeon Brown (National Party MP) accused Labour of inconsistency, while Russell refuted the claim as misleading.

Left

Streeting Proposes Welfare Cuts

Labour health secretary Wes Streeting proposed cutting welfare to fund the UK’s defense, saying defense "has to come from somewhere."
Former defense secretary George Robertson shares a similar view, drawing criticism from Labour MPs and welfare advocates.
Chancellor Rachel Reeves urged readiness for tough choices to fund defense amid a £28 billion shortfall.
Prime Minister Keir Starmer said defense and welfare can be addressed without sacrificing the other.

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Russell Discusses Taxation

Deborah Russell (Labour MP) commented on a Tax Justice Aotearoa report urging a capital gains tax, wealth tax, and windfall taxes.
She acknowledged positives but did not confirm if Labour's proposed 28% capital gains tax would be sufficient.
Prime Minister Chris Hipkins dismissed the report's ideas, saying Labour's tax policy is already set.
Simeon Brown (National Party MP) accused Labour of inconsistency, while Russell refuted the claim as misleading.

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