Last week, Chris Hipkins announced that the Labour Party is pledging to rule out any sort of capital gains tax or wealth tax if re-elected. Hipkins has stated that it is simple mot the time for big changes to the tax system given how much Kiwis are struggling with the cost of living. The pledge has received backlash and contrasts starkly with policies of Te Pati Māori and The Green Party, leaving a potential future coalition uncertain.
Wire producer Rosetta spoke to to Child Poverty Action Group's convenor Alan Johnson about the policy, and what the decision will mean for the wealth gap and child poverty in Aotearoa.
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