National leader Chris Luxon and deputy Nicola Willis have unveiled their long awaited tax plan- as the clock ticks down to October's election.

If elected, National would shift personal income tax brackets for inflation and expand tax credits, and cover it by slashing public service spending and rolling out a 15 percent foreign buyer tax on homes.

Enable.Me's Hannah McQueen says the shifted personal income tax brackets would give Kiwi households an extra $100-$250 a fortnight- which would be helpful to New Zealand's middle class.

"For some context, if you had a mortgage of $400,000 and you were on a 3 percent rate to a 7 percent rate, your repayments have increased by $450 a fortnight- $250 of that is now going to be offset."

National also want to bring back public transport fares for children and scrap the 50 percent discount for under-25's, a policy that Free Fares NZ campaigner Steve Maran disagrees with.

"Removing that is a step in the wrong direction. Many low-income families have benefitted from this initiative, which made it easier for all of them to get to school and get to work."

The Property Council's Leonie Freeman has also voiced disapproval at National's plan to remove depreciation for non-residential buildings to pay for tax cuts.

"They've been flip-flopping on this policy for some time. The commercial property industry is in a pretty challenging time at the moment, there's already pressures like the need to upgrade for seismic strengthening."

LISTEN ABOVE

National leader Chris Luxon and deputy Nicola Willis have unveiled their long awaited tax plan- as the clock ticks down to October's election.
If elected, National would shift personal income tax brackets for inflation and expand tax credits, and cover it by slashing public service spending and rolling out a 15 percent foreign buyer tax on homes.
Enable.Me's Hannah McQueen says the shifted personal income tax brackets would give Kiwi households an extra $100-$250 a fortnight- which would be helpful to New Zealand's middle class.
"For some context, if you had a mortgage of $400,000 and you were on a 3 percent rate to a 7 percent rate, your repayments have increased by $450 a fortnight- $250 of that is now going to be offset."
National also want to bring back public transport fares for children and scrap the 50 percent discount for under-25's, a policy that Free Fares NZ campaigner Steve Maran disagrees with.
"Removing that is a step in the wrong direction. Many low-income families have benefitted from this initiative, which made it easier for all of them to get to school and get to work."
The Property Council's Leonie Freeman has also voiced disapproval at National's plan to remove depreciation for non-residential buildings to pay for tax cuts.
"They've been flip-flopping on this policy for some time. The commercial property industry is in a pretty challenging time at the moment, there's already pressures like the need to upgrade for seismic strengthening."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.