Chris Hipkins Wants to Tax Your Holiday Home So You Can Pay for His

Responding to comments made today by Labour leader Chris Hipkins, the Taxpayers’ Union claims it is hypocritical of him to create new taxes on property ownership while using a taxpayer-funded superannuation scheme to finance his own holiday home.

Taxpayers’ Union spokeswoman, Ella Dickson, says:

“Chris Hipkins – like all MP’s – has a generous superannuation scheme with every $1 he puts in matched $2.50 by his employer (taxpayer-funded), which he admits contributes to the mortgage of his family’s holiday home. A second dwelling that would be considered taxable under the bracket of his proposed capital gains tax, yet taxpayers fund it.”

“Hipkins can claim owning a holiday home is different than owning multiple rental properties, but when his CGT sees no difference and taxes them both the same: where does he draw the line? He claimed not to ‘begrudge’ other Kiwis who own holiday homes, he just taxes them for it.”

“The Labour leader today admitted to getting the maximum entitlement from the taxpayer. When asked if it was ‘fair’, he said his goal was to ‘raise the wages of all New Zealanders’, but taxing them will not help in that mission. If Hipkins wants a fairer economy, he should start with his own benefits and his own tax policy.”