According to the NZ Herald:
"We consider that the ways the In Work Tax Credit stigmatises beneficiary families, undervalues care, and keeps poor families income unnecessarily low outweigh any remaining issues about work incentives," the policy says.
It was Labour that introduced the In Work Tax Credit because they believed that the best way out of poverty was work.
This is a major turn around. It betrays their earlier position, arrived at under better intellects than Annette King's.
The Social Security Amendment Bill 2006, passed under Labour revolved around the principle:
"Work in paid employment offers the best opportunity for people to achieve social and economic well-being."
This policy reneges on that position. Implementation of it would drive up beneficiary numbers as the financial incentive to work is destroyed.
