Tax cuts will be brought in during 2017 and paid for with about $1.5 billion accumulated in the next three Budgets if National gets re-elected - providing economic conditions allow for it.
All levies on ACC accounts will also be cut by an average of 30 per cent from April 1, 2016, according to National's finance policy, released yesterday afternoon.
National candidate for Tauranga Simon Bridges said voters had a stark choice between good economic management, a promise of no new taxes and possible tax cuts for low and middle income earners, versus economic stagnation with a big spend-up and a lot more taxes.
"We're unapologetic that what we're offering is sensible and responsible economic management. It doesn't necessarily have a whole lot of bells and whistles. We're about to start getting government surpluses and we're going to make sure we keep them."
New Zealand First Tauranga candidate Clayton Mitchell said that, after all the hype National had created about a tax policy, their announcement was laughable. "It's pixie dust, it doesn't exist."