McAnulty KieranHon KIERAN McANULTY (Minister of Local Government): That speech was incredibly telling. Not one mention of wages not one mention of investing in working people and giving them a wage and a job with conditions that they deserve. We've heard a lot from the Opposition comparing ourselves to Australia saying that we are losing our best—but opposing absolutely every measure to try and bridge that gap to try and improve conditions at work and continue to increase wages. Because of course it's not just in the wages of our professionals this Government has invested in it's in wages at the lower end as well. Every single time this Government has increased the minimum wage that lot have opposed it. And then they cry crocodile tears because they worry about the better conditions in Australia. And what we find today after months of saying that we should be competitive with our neighbours is they are going to bring a tax on to those skilled workers that we need in this country. And what they will do is they will look around the world and they'll look at Australia and they'll look at the UK and they'll look at Ireland and Canada and they'll say it's easier to go and work there. They are taxing the skilled workers we need to give tax cuts to their mates.I thought it was bold from the previous speaker Nicola Willis to bring out a couple of examples of people that are renting people that want to have the dream of buying a home. What was interesting that was omitted in that speech was the declaration today that the National Party would let overseas speculators back into this country and back into our property market rising house prices across the board to pay for tax cuts for their mates. Bringing in overseas investors $5 billion investment into our housing market for the sake of $750 million tax cuts for landlords makes absolutely no sense. That tax cut will mean that property investors and property speculators will be up against each other driving house prices up on existing prices.If they don't believe me I'll spell it out real easy: the current situation with the brightline test and interest deductibility means that people are not buying houses and flicking them off for profit real quick. And they mean that if investors want to get interest deductibility they build a new home. That's what we need in this country we need more houses. And it's working. We're seeing the proportion of first-home buyers is increasing and house building in this country is at record numbers. They want to reverse that. They want to take away those provisions give tax cuts to landlords and speculators so that they can drive up the prices of existing stock. We can expect to see house build numbers fall. We can expect to see the first-home buyers numbers fall all for the sake of what they described as tax relief". But at what cost? Because what we were not told today was what has to be cut.We've heard some very high level promises but we still haven't heard how they're going to fill the $10 billion hole in their budget. And we've been here before with the National Party. This Government has a plan that is fully costed and is transparent and is continuing to invest in front-line services—front-line services that New Zealanders rely on. Kāinga Ora you can expect to be cut just like last time. Those thousands of houses that this Government has built that has put a roof over New Zealanders' heads that had no hope under the National Government and are now in a warm dry healthy home with their whanau where they should have always been.We are not going to try to pull the wool over New Zealanders' eyes. Firstly because that's wrong; and secondly because we know that New Zealanders are not fools. They won't be tricked by today's announcement. They will not be lured by the sake of some smoke and mirror exercise that claims to give them tax cuts but takes much more away—giving with one hand and punching them in the guts with the other. New Zealanders will not fall for this trick. We have seen it before every single time a National-led Government comes in power they frame it up to be all good. They take away money for maintenance on roads they take away money for housing they take money from health they take money from education—they take money from the things that New Zealanders need and value and the only Government that stands up for them is the Labour Government."