"Why won't NZ cut taxes?"

National Party associate finance spokesman, Craig Foss, has an article in the Wall St journal. Well done. NCPA summarises it.

Since the Labor Party took power in 1999, taxes have become quite burdensome:

* The top personal tax rate has been hiked to 39 percent from 33 percent.
* The corporate rate -- already a hefty 33 percent -- hasn't changed for over a quarter century.
* New Zealand's income and corporate tax-to-GDP ratio now ranks 16th among Organization for Economic Co-operation and Development (OECD) countries; seven years ago, the country placed 10th.

I take it then we can look forward to National cutting taxes.