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Labour Promises Tax-Free Threshold, Cutting Taxes for 96%

By Drooid · Oct 31, 2026 · How we work

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Labour Party promises a tax-free threshold cutting taxes for 96% of citizens.
Greens propose a 45% wealth tax on assets above $10 million, excluding homes.
National MP Simeon Brown calls the $10 million threshold a Trojan horse to be lowered.
Labour’s plan targets spending and revenue near 33% of GDP after a capital gains tax.
National claims Labour’s 33% goal hides multi-billion-dollar taxes, with finance spokeswoman Barbara Edmonds calling it a priority.

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Labour Party promises a tax-free threshold cutting taxes for 96% of citizens.
Greens propose a 45% wealth tax on assets above $10 million, excluding homes.
National MP Simeon Brown calls the $10 million threshold a Trojan horse to be lowered.
Labour’s plan targets spending and revenue near 33% of GDP after a capital gains tax.
National claims Labour’s 33% goal hides multi-billion-dollar taxes, with finance spokeswoman Barbara Edmonds calling it a priority.