Otaki MP Nathan Guy says the 2017 Budget is great news for Kapiti and Horowhenua, especially middle and low income families.
“The centrepiece of Budget 2017 is a $2 billion a year Family Incomes Package which will make a real difference,” says Mr Guy.
“It’s a careful mix of tax cuts coupled with increases to the Accommodation Supplement and Working for Families payments. Overall it will raise the incomes of 1.3 million families by an average of $26 a week.
“The changes mean, for example, a couple with two children under 13 and one partner working earning $55,000 will gain $41 a week plus any increase to their accommodation supplement.
“Anyone earning over $52,000 will receive an extra $20 a week in their pocket from the tax changes alone.
“New Zealand Super will increase by $13 per week for a couple or $8.50 a week for a single person.
“The maximum accommodation supplement for a two-person household increases by between $25 and $75 a week, while the maximum for larger households increases by up to $80 a week.
“This is on top of on previous measures the Government has already delivered for families such as free GP visits for under 13s, the first real benefit increases in 40 years, and record investment in health and education.
“All of these new investments don’t come from just good luck - they come from careful management of the economy and the Government’s books. It means we can afford to invest in families, in social services and in our productive sector.”
People can work out exactly how much they will benefit by using an online calculator at www.budget.govt.nz.