LABOUR INCOME TAX POLICY

Press, Volume XCIX, Issue 29366, 19 November 1960, Page 14

LABOUR INCOME TAX POLICY

Change May Not Be Made Next Year The higher income tax exemptions proposed by Labour will not necessarily be introduced next session. This was made clear by the Prime Minister (Mr Nash) when he addressed a lunch-hour meeting of waterside workers at Lyttelton yesterday. Mr Nash said the exemptions would be raised during the life of the next Parliament.

"We plan to give a single man or woman a tax exemption of £lO a week—that is more than a man and his wife got before,” he said. Labours’ purpose all the time was to help those on the bottom level, Mr Nash said. A married man- would get tax exemption of £l5 a week. £7BO a year. A man with a wife and two children would be able to earn £936 without paying any tax at all.

“He would have to pay social security charges, but everybody will pay social security charges in any case,” he said.

The volume of production had gone up by 5 per cent, during the last year that figures were available for and the value of production had gone up by 10 per cent., he said. All those men and women who worked with their hands and brains should have their share of the added production.

Mr Nash said old people too would get their share of the added production.

Mr Nash received an enthusiastic welcome from the waterside workers. Greeted at the door by union officials, he was led up the stairs and into the dining room by a piper in a yellow and black tartan shirt.

On the platform with Mr Nash was Mr N E. Kirk, M.P. for Lyttelton, Mr N. G. Pickering M.P for St. Albans, and Mr J Palmer, Labour candidate for Selwyn.