1 00:00:00,120 --> 00:00:03,240 Speaker 1: We welcome to the program. Jason Wills. Hello, Jason. Tax 2 00:00:03,360 --> 00:00:06,520 Speaker 1: cuts coming later this week. Will the government be hoping 3 00:00:06,519 --> 00:00:08,879 Speaker 1: for a pole boost? Will we even notice? 4 00:00:09,200 --> 00:00:11,240 Speaker 2: Indeed, I think that the government they won't say it 5 00:00:11,240 --> 00:00:13,239 Speaker 2: out loud, they want to men it publicly, but yes, 6 00:00:13,280 --> 00:00:15,240 Speaker 2: they will be hoping for a pole boost because of this. 7 00:00:15,400 --> 00:00:17,759 Speaker 2: I mean, it was the cornerstone of what the government 8 00:00:17,840 --> 00:00:19,800 Speaker 2: ran on, and you know, good for them. I'm promising 9 00:00:19,880 --> 00:00:23,960 Speaker 2: something and delivering it. There might have been some accounting 10 00:00:24,360 --> 00:00:25,919 Speaker 2: on the side in terms of how much it was 11 00:00:25,960 --> 00:00:27,840 Speaker 2: in terms of per household, but at the end of 12 00:00:27,840 --> 00:00:29,640 Speaker 2: the day, people are going to be looking at their 13 00:00:29,640 --> 00:00:31,960 Speaker 2: bank accounts and seeing that they have more money at 14 00:00:31,960 --> 00:00:34,120 Speaker 2: the end of the day. Now, the Prime Minister and 15 00:00:34,200 --> 00:00:37,040 Speaker 2: his Finance and Minister Nicola Willis were just at Post 16 00:00:37,040 --> 00:00:39,159 Speaker 2: Cab and they were rattling off all the stats that 17 00:00:39,200 --> 00:00:40,600 Speaker 2: we've come to know from them. 18 00:00:40,760 --> 00:00:43,599 Speaker 3: Our text relief package will see ninety four percent of 19 00:00:43,640 --> 00:00:46,840 Speaker 3: all households and eighty three percent of individuals better off, 20 00:00:47,360 --> 00:00:49,600 Speaker 3: and in just two days time, Kiwis will start to 21 00:00:49,600 --> 00:00:51,560 Speaker 3: see that showing up in their bank accounts. 22 00:00:51,720 --> 00:00:54,040 Speaker 2: So Nicola Willis actually put it quite concisely. 23 00:00:54,160 --> 00:00:55,920 Speaker 3: The government has got your back. 24 00:00:56,200 --> 00:00:58,320 Speaker 2: Now. Be that as it may. There are two very 25 00:00:58,320 --> 00:01:01,520 Speaker 2: important entities which and they could get in the way 26 00:01:01,720 --> 00:01:04,280 Speaker 2: of Kiwis getting more money in their back pocket. That 27 00:01:04,400 --> 00:01:07,440 Speaker 2: is the Reserve Bank and councils across the country. Now, 28 00:01:07,480 --> 00:01:10,000 Speaker 2: starting with the former, an extra forty dollars a week 29 00:01:10,120 --> 00:01:12,479 Speaker 2: might be nice, but if it's all eaten away by 30 00:01:12,560 --> 00:01:15,160 Speaker 2: high interest rates, it's a bit moot, isn't it. So 31 00:01:15,640 --> 00:01:17,880 Speaker 2: the question is is it time for the Reserve Bank 32 00:01:17,920 --> 00:01:21,120 Speaker 2: to start cutting its interest rates now? Inflation is back 33 00:01:21,160 --> 00:01:23,560 Speaker 2: down to almost three percent, And that's the question that 34 00:01:23,640 --> 00:01:25,760 Speaker 2: I asked the Prime Minister today. Here's what he said. 35 00:01:26,160 --> 00:01:28,160 Speaker 3: It's been encouraging for us to see inflation down at 36 00:01:28,200 --> 00:01:30,480 Speaker 3: three point three percent. We want it to go below 37 00:01:30,520 --> 00:01:32,440 Speaker 3: three percent and then we are expecting interest rates to 38 00:01:32,480 --> 00:01:33,280 Speaker 3: drop very quickly. 39 00:01:33,360 --> 00:01:35,240 Speaker 2: So that's as far as he would go. But it 40 00:01:35,280 --> 00:01:37,200 Speaker 2: was quite telling that he said we were expecting them 41 00:01:37,200 --> 00:01:39,880 Speaker 2: to drop very quickly, because, as you know, the Prime 42 00:01:39,880 --> 00:01:42,520 Speaker 2: Minister or any of his ministers are not allowed to 43 00:01:42,520 --> 00:01:45,240 Speaker 2: give the Reserve Bank any sort of direction. That's despite 44 00:01:45,280 --> 00:01:48,360 Speaker 2: the likes of David Seymour and Shane Jones doing exactly 45 00:01:48,440 --> 00:01:51,440 Speaker 2: that over the past couple of weeks. Now. On the 46 00:01:51,480 --> 00:01:54,600 Speaker 2: other side of the coin, there is the council rates. Now, 47 00:01:54,640 --> 00:01:56,680 Speaker 2: if you're a rate payer across the country, you're getting 48 00:01:56,680 --> 00:01:59,440 Speaker 2: those within the coming days and weeks now, and you 49 00:01:59,520 --> 00:02:02,320 Speaker 2: might be noticing that those are going up quite high. 50 00:02:02,480 --> 00:02:04,720 Speaker 2: So that's another thing that might be eating away at 51 00:02:04,720 --> 00:02:06,800 Speaker 2: your tax cut. What did the Prime Minsister have to 52 00:02:06,800 --> 00:02:07,400 Speaker 2: say about that. 53 00:02:07,800 --> 00:02:10,280 Speaker 3: Yeah, we're expecting councils to play their part, which is 54 00:02:10,280 --> 00:02:12,560 Speaker 3: to get on top of their fiscal situations and exactly 55 00:02:12,560 --> 00:02:14,920 Speaker 3: the same responsible that central government has and what we're doing. 56 00:02:15,000 --> 00:02:17,240 Speaker 2: So we can see that we're in a situation where 57 00:02:17,240 --> 00:02:19,239 Speaker 2: the government is giving with one hand and then the 58 00:02:19,320 --> 00:02:22,399 Speaker 2: Reserve Bank and the councils are taking away with the other. 59 00:02:22,480 --> 00:02:24,920 Speaker 2: I'm not sure that Adrian or will be particularly happy 60 00:02:25,040 --> 00:02:28,400 Speaker 2: about that characterization, but when interest rates remain at the 61 00:02:28,480 --> 00:02:31,119 Speaker 2: level that they are, that is exactly what's happening now. 62 00:02:31,200 --> 00:02:33,120 Speaker 2: He will argue that we need to get back down 63 00:02:33,320 --> 00:02:35,960 Speaker 2: between one and three percent with that midpoint level of 64 00:02:36,000 --> 00:02:39,320 Speaker 2: two before he starts cutting rate. But until that happens, 65 00:02:39,520 --> 00:02:41,160 Speaker 2: I don't think you're going to be feeling the full 66 00:02:41,200 --> 00:02:44,080 Speaker 2: effect of what would have been a nice little tax cut. 67 00:02:44,200 --> 00:02:47,400 Speaker 1: That's it. Yes, wholesale rates are down, interest rates are 68 00:02:47,440 --> 00:02:51,200 Speaker 1: down to the retail banks are also urging for a 69 00:02:51,280 --> 00:02:53,120 Speaker 1: drop in interest rates, So we'll see if they're listening, 70 00:02:53,160 --> 00:02:54,919 Speaker 1: not just the Prime Minister, or the Prime Minister could 71 00:02:54,919 --> 00:02:57,320 Speaker 1: just be reflecting what the retail banks are saying. Hey, 72 00:02:57,320 --> 00:02:59,040 Speaker 1: what are you making about this open letter from the 73 00:02:59,040 --> 00:03:02,320 Speaker 1: Pacific wing of the Green and all the exaggerated resignation 74 00:03:02,440 --> 00:03:03,400 Speaker 1: talking stuff. 75 00:03:03,800 --> 00:03:05,760 Speaker 2: Oh well, I think it's exactly that. I mean, you know, 76 00:03:05,800 --> 00:03:08,160 Speaker 2: it's not like MPs are resigning or people that we 77 00:03:08,240 --> 00:03:11,080 Speaker 2: know quite well. It's random members of the Pacific Caucus. 78 00:03:11,160 --> 00:03:12,640 Speaker 2: And I think that I would have given it a 79 00:03:12,639 --> 00:03:15,400 Speaker 2: little bit more of a look if it wasn't just 80 00:03:15,600 --> 00:03:19,200 Speaker 2: such a bizarre open letter that they'd penned to the Greens. 81 00:03:19,200 --> 00:03:21,799 Speaker 2: And if you haven't heard this story, it's obviously over 82 00:03:21,800 --> 00:03:25,080 Speaker 2: the weekend with the Daarli and Tana Saga basically overshadowing 83 00:03:25,160 --> 00:03:27,840 Speaker 2: everything apart from the Greens writing an open letter to 84 00:03:27,880 --> 00:03:30,919 Speaker 2: the Prime Minister about rental increases, like that's going to 85 00:03:31,000 --> 00:03:33,600 Speaker 2: do anything. But the main thing about this letter was 86 00:03:33,600 --> 00:03:35,400 Speaker 2: there were a few different strands to it, and one 87 00:03:35,440 --> 00:03:37,680 Speaker 2: of them that I took umbradge with was the way 88 00:03:37,680 --> 00:03:39,760 Speaker 2: that they described the party's leadership and the way that 89 00:03:39,800 --> 00:03:43,120 Speaker 2: they dealt with the late officer Collins after he died. 90 00:03:43,160 --> 00:03:45,480 Speaker 2: And then this open letter from three members of the 91 00:03:46,080 --> 00:03:50,720 Speaker 2: Pacifica Pacifica wing of the party. They said, while he 92 00:03:50,840 --> 00:03:54,000 Speaker 2: knew that's he, that's Afesso, that some party members were 93 00:03:54,040 --> 00:03:58,520 Speaker 2: initially suspicious of him, and some MPs had privately attacked 94 00:03:58,560 --> 00:04:02,120 Speaker 2: him and undermined him his twenty twenty two Meryl campaign, 95 00:04:02,120 --> 00:04:06,320 Speaker 2: which doesn't really it doesn't match reality because the Greens 96 00:04:06,360 --> 00:04:09,200 Speaker 2: openly endorsed a Fesso Collins for his Meryl bread and 97 00:04:09,240 --> 00:04:11,920 Speaker 2: then they welcomed him into their caucus as a member 98 00:04:11,960 --> 00:04:14,720 Speaker 2: of Parliament, so I don't really think that stacks up. 99 00:04:14,760 --> 00:04:17,279 Speaker 2: They also go in to talk about Elizabeth Ketty Ketty, 100 00:04:17,320 --> 00:04:18,880 Speaker 2: who is the wife of one of the people that 101 00:04:19,000 --> 00:04:21,880 Speaker 2: co wrote this letter, and they said that we cannot 102 00:04:21,960 --> 00:04:25,840 Speaker 2: watch another Wahini Mardi be cannibalized by this party without 103 00:04:25,920 --> 00:04:29,520 Speaker 2: voicing our condemnation of the choices and decisions made by 104 00:04:29,560 --> 00:04:32,800 Speaker 2: the party's leadership. The co leaders have again inflamed and 105 00:04:32,920 --> 00:04:38,160 Speaker 2: weaponized media narratives, intentionally smearing Dahlian. That's Darlian Tana's character, 106 00:04:38,360 --> 00:04:41,039 Speaker 2: integrity and mana. Now, there are a lot of these big, 107 00:04:41,480 --> 00:04:44,120 Speaker 2: bold comments in this letter, but I think the thing 108 00:04:44,160 --> 00:04:47,480 Speaker 2: that was clearly missing was any sort of accountability. I mean, 109 00:04:47,520 --> 00:04:50,880 Speaker 2: Elizabeth Ketty Kenny was not blameless what happened, She was 110 00:04:50,960 --> 00:04:54,960 Speaker 2: accused and essentially a report showed that she had bullied 111 00:04:55,600 --> 00:04:59,040 Speaker 2: a number of MPs within the caucus. And then Darlian Tana, well, 112 00:04:59,040 --> 00:05:01,479 Speaker 2: I don't need to explain this situation that's going on there. 113 00:05:01,560 --> 00:05:04,560 Speaker 2: So the letter lacked a bit of an accountability for me. 114 00:05:04,640 --> 00:05:07,360 Speaker 2: And I think that Chloe Swarbrick has been dealt quite 115 00:05:07,360 --> 00:05:10,640 Speaker 2: a hardthand coming into the Greens co leadership this year 116 00:05:10,800 --> 00:05:13,000 Speaker 2: in twenty twenty four, with everything that they've dealt with. 117 00:05:13,640 --> 00:05:16,080 Speaker 1: Oh, the pot of Greens with friends like their Pacific Caucus. 118 00:05:16,120 --> 00:05:19,640 Speaker 1: Who needs enemies? Hey, I thank you so much. Jason 119 00:05:19,640 --> 00:05:23,680 Speaker 1: Wallzew's Talks, MB's political editor. For more from Hither Duplessy 120 00:05:23,720 --> 00:05:26,520 Speaker 1: Alan Drive, listen live to News Talks. It'd be from 121 00:05:26,600 --> 00:05:30,200 Speaker 1: four pm weekdays, or follow the podcast on iHeartRadio.