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Cut taxes and do it early: Seymour

NZ Newswire logoNZ Newswire 13/03/2017
David Seymour. © Shane Wenzlick/Getty Images David Seymour.

The government should cut taxes and do it early, Act leader David Seymour says.

Tax cuts are a possibility in the May budget, according to Prime Minister Bill English, but Mr Seymour doesn't want to see that prospect become an election "bribe".

"I'm saying cut taxes and cut them early because frankly the National Party have promised nine out of the last two tax cuts delivered," he told RNZ on Tuesday.

"So lets not use it as an election bribe or a carrot, lets do it asap because there's $20 billion of surplus coming down the line."

Mr Seymour said the political context will be what to do with the surplus.

"The left will spend it just as quickly as we can give tax relief," he said.

On Monday Mr English indicated tax cuts are "on the table" in the May budget while cautiously hinting at a package to help low and middle income families.

"We want to help low and middle-income families, we've got to work out if we can afford it, and if we can, how we do it," he said at his post-cabinet press conference on Monday.

Discussions include adjusting tax brackets.

Labour leader Andrew Little says he won't be promising tax cuts or increases.

"We're not planning on any tax changes for the 2017 election," he told TV3's The Nation on Saturday.

"We will finally collaborate what we do once we see what the government does in its foreshadowed tax changes, which we assume will be in this year's budget."

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