With a National-led coalition government taking shape (how long it takes is another matter), the nation’s “squeezed middle” awaits the financial relief promised during the election campaign.
As the lead party, National’s policies should be central to negotiations. For those without children, its proposed payment of the full Independent Earner Tax Credit for incomes between NZ$24,000 and $66,000 would kick in from April 1 next year.
This would help some 380,000 people in low and modestly paid work with an extra $10 a week. It’s not a lot, but better than nothing. For those with children, National has promised an extra $25 a week from the In Work Tax Credit – providing neither parent receives any part of a core welfare benefit.
