Today’s Financial Stability Report has once again highlighted that poverty and deep inequality are political choices - and this Government is choosing to make them worse.
“The Government’s $2.9 billion tax cut for landlords has been called out for what it is by our very own central bank: a boost for property speculators at the expense of anyone else who wants a roof over their head,” says Green Party co-leader Chlöe Swarbrick.
“The Reserve Bank’s Financial Stability Report details that the Government’s economic policies, including restoring tax deductibility for landlords and rolling back the brightline test, will increase house prices and increase demand for existing houses. This is terrible policy that funnels money from renters and workers to landlords and speculators.
“Meanwhile, we’re none the wiser about how anything new will actually get built, as the Government is planning to roll back the Medium Density Residential Standards and has already torn up Resource Management Act reforms.
“In a nutshell, the Government has handed landlords nearly three billion dollars just to increase house prices and push first home buyers out.
“It’s clear who this Government is here to serve. It’s not regular people, renters, first home buyers or those who work for their income. This is a Government for landlords, by landlords. When someone shows you who they are, believe them,” says Chlöe Swarbrick.
Latest Finance Announcements
Story
Greens respond to Labour’s CGT announcement
Story
OCR cut welcome for some while Govt leaves many behind
Story
Greens show Willis’ fiscal straight-jacket is junk, validate case for strong public investment
Story
Rich get much richer, driving inequality and poverty
Story
Greens find over half-a-billion dollar hole in Govt Budget
Story