The Prime Minister's blasting the Greens' wealth tax, saying it would make Kiwis poorer and drive away investment.

The party's proposing a 2.5% tax on net assets above 10 million dollars, excluding the family home - alongside income tax cuts for people earning under %160,000 dollars.

Chris Luxon says National's focused on growing the economy, while Labour has an 18-billion-dollar hole in its plans.

He told Mike Hosking that Labour would have to cover it through higher taxes or more debt, while their partner is coming out with financial lunacy.

LISTEN ABOVE

The Prime Minister's blasting the Greens' wealth tax, saying it would make Kiwis poorer and drive away investment.
The party's proposing a 2.5% tax on net assets above 10 million dollars, excluding the family home - alongside income tax cuts for people earning under %160,000 dollars.
Chris Luxon says National's focused on growing the economy, while Labour has an 18-billion-dollar hole in its plans.
He told Mike Hosking that Labour would have to cover it through higher taxes or more debt, while their partner is coming out with financial lunacy.
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Christopher Luxon: Prime Minister blasts Green's proposed wealth tax

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a1ba6ef6-0ac8-42c1-a212-b470015401e7/transcript