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Speaker 1: So big Labor Party conference in christ it's at the weekend.

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Speaker 1: Rail Yes, you're getting your rail and able ferries across

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Speaker 1: the cook straight the need and you're getting your hospital

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Speaker 1: everything that was promised. The cuts, they will reverse them.

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Speaker 1: So how do you get back to surplus? How do

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Speaker 1: you balance the books?

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Speaker 2: I'm absolutely confident we'll be able to put out a

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Speaker 2: fiscal plan before the election, as we always do. That

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Speaker 2: shows that all of the commitments that we are making

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Speaker 2: will be able to pay for it.

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Speaker 1: On tax. Yes, they did discuss tax, but like fight club,

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Speaker 1: you don't talk about what you're talking. You don't talked

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Speaker 1: about the.

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Speaker 2: Remits process feeds into a policy process that will result

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Speaker 2: on us producing policy before the election.

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Speaker 1: So it did pass the tax remit. Joining us is

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Speaker 1: former Labor Minister Stuart Nasha.

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Speaker 3: Good morning, good morning, right, how are you? Yeah? Really good?

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Speaker 1: Thank you. Good to have you on the show. What

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Speaker 1: did you think yesterday the call around Orcus, which I

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Speaker 1: would have thought you would want to leave it up

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Speaker 1: your sleeve as a bargaining chip, wouldn't you Rather than

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Speaker 1: rule it out.

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Speaker 3: You'll leave it you willed out at the moment. You know,

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Speaker 3: Labour's always been very much about for an independent foreign policy.

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Speaker 3: You wouldn't tas after the US and UK at the moment,

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Speaker 3: would you really? I just think you'd know, you'd rule

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Speaker 3: it out and see what happens.

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Speaker 1: What about the tax, I mean, it's obviously the remit

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Speaker 1: has passed, but there's a lot of water to go

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Speaker 1: under the bridge. What's your peck of how they will

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Speaker 1: how they will offer this tax increase, be to capital

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Speaker 1: gains or whatever.

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Speaker 3: Yeah, as far as I'm aware, there are probably two

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Speaker 3: people in the country who don't believe we need a

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Speaker 3: kepital gains tax. One of them is Nicola Willis and

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Speaker 3: the other one is Chris Luxon. I think everyone else,

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Speaker 3: every sensible economists, the business around table to talk about it. Now,

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Speaker 3: your major agencies are saying we need a capital gains tax.

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Speaker 3: You know, we tax labor. If they don't tax capital

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Speaker 3: just doesn't seem right. So you know, when the reporter

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Speaker 3: and the stand up asked, how are you going to

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Speaker 3: balance the budget or how are you going to meet

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Speaker 3: all your physical obligations? Well it will probably be through

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Speaker 3: some form of capital taxation, which is necessary and everyone

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Speaker 3: agrees it is.

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Speaker 1: Yeah, But so that's interesting. So you don't think they

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Speaker 1: will offset it, because this was the thing that English

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Speaker 1: did so well, right with the GST. You off city

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Speaker 1: so well, we are going to increase taxes here or

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Speaker 1: introduces tax here, but we will cut taxes here, which

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Speaker 1: means it's physically neutral, which doesn't address the wider issue

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Speaker 1: that labor has, which is how do you afford all

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Speaker 1: the stuff you promise?

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Speaker 3: Look, I think there'll be a measure a bit of

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Speaker 3: both have any sort of capital gain tax, and I

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Speaker 3: don't think there'll be a wealth tax that's just nothing.

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Speaker 3: But any form of capital gain tax will will be

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Speaker 3: offset in either taxes and labor or tax for business,

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Speaker 3: for example, through accelerate depreciation, which is something we do

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Speaker 3: the hell of a lot to work on. Or what

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Speaker 3: you do do is you use a little bit of

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Speaker 3: it to pay off debt, because there's a lot of

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Speaker 3: debt around at the moment. I find Nikola that makes

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Speaker 3: me smile when she talks about labor spending. She has

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Speaker 3: spent more in last year's budget than labor spent in

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Speaker 3: any of its six budgets when we were in government,

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Speaker 3: So she's lost all her credibility, So it makes it

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Speaker 3: easier to introduce something like this, because, as mentioned, Nicholas

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Speaker 3: just lost her credibility when it comes to fistical and

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Speaker 3: economic methods.

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Speaker 1: Well, I mean, yeah, you could argue the book deteriorating

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Speaker 1: and that's out of her control et center blah blah blah.

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Speaker 1: But you guys did the same.

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Speaker 3: The fourteen billion dollar checks cast.

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Speaker 1: Anyway, Hey, just for you guys, you will be the

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Speaker 1: leader at the next election.

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Speaker 3: You reckon. I have absolutely no doubt if he wants

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Speaker 3: to be the leader, and I'm assuming he does because

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Speaker 3: he's sort of he's engaged his pastor Look, the main

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Speaker 3: goal of a conference one year out, one year after

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Speaker 3: an election, two year out from an election, is to

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Speaker 3: send the faith of the way believe in that the

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Speaker 3: party can win the next election. So it's got to

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Speaker 3: be upbeat. It's got to be it's got to be positive.

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Speaker 3: And I think this this was. You know, you've got

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Speaker 3: a prime minister who is the most unpopular prime minister

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Speaker 3: one year out from an election that you've ever had,

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Speaker 3: and I think labors are Lady's doing quite well. I

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Speaker 3: think the supporters will have walked away going, yeah, we

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Speaker 3: could do it. You can't mind labor your next ones.

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Speaker 3: It's not about pat coalition parties, but labors are as

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Speaker 3: will have walked away, Sick bakon Beat National. That's the

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Speaker 3: main goal, out of the allega, out of the Kempaign,

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Speaker 3: out of the Sorry conferences.

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Speaker 1: Great to have you on the show, stud Nash for

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Speaker 1: Lon miss for more from Early Edition with Ryan Bridge.

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Speaker 1: Listen live to News Talks.

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Speaker 2: It'd be from five am weekdays, or follow the podcast

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Speaker 2: on iHeartRadio.