They haven’t decided what they’re going to do yet, just what they’re not going to do.
Nothing about LAQCs, nothing about company tax, nothing about trusts or aligning rates. Vague promise to change the way property investment is taxed (while ruling out the TWGs various recommendations) and pablum about looking at high income earners and WFF.
The build-up to the speech was a huge strategic blunder; it was supposed to prove that Key has a grand plan and can make the hard decisions, instead it’s done the opposite. Goff’s response has been spectacular – the high point of his leadership.