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PM won't be drawn on tax cuts

NZ Newswire logoNZ Newswire 26/06/2017

Prime Minister Bill English started a wave of speculation about tax cuts when he made his speech to the National Party's conference but he's refusing to firm up the government's intentions.

Mr English told delegates a post-election priority would be raising incomes and reducing taxes.

He described the budget's Family Income Package as "an excellent first step".

"Wouldn't it be great if we could do it again?" he said.

"Well, we can - if we are able to keep lifting growth and carefully manage public finances we will be able to reduce taxes."

At his post-cabinet press conference on Monday, Mr English was asked to elaborate on that.

"We have indicated a direction," he said.

"This discussion is about what we can achieve if we get some more lift in economic growth and keep on top of expenditure."

Mr English said the impact of the Family Income Package, due to come in on April 1 next year, would be significant with some low-income families benefiting by more than $100 a week.

"The references in the speech were what is possible beyond that," he said.

He confirmed the government had no plans to reduce company tax.

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