Whaleoil transcript: Hosking & Ardern on CGT & KiwiBuild credibility

Mike Hosking.

Newstalk ZB

Mike

And if you exempt small businesses and farms what?s the $8 billion gain that Cullen says you?ll get? What?s that drop to?

Jacinda

Yeah, from memory I think it?s like down? from memory in the report it covers off? what if you just did rentals, what if you did? you know? shares? what if you did business and um? what if you did, you know, business buildings, so it?s because of the suite of options and ultimately it?s up to government to choose? um? if anywhere where they go amongst that suite. And of course, keeping in mind, Mike, there?s also the offset. We asked them to say, okay if we collected in any revenue? um? what?s a way that we can distribute it back out to New Zealanders and they?ve given options there as well.

Mike

Is part of the problem, and the push back you are getting on the CGT, especially as it?s more of a Labour policy than, say a NZ First policy, is it? is it the fact that virtually none of your cabinet has ever owned a business that you guys really don?t understand how business is done?

Jacinda

Ah, I think that is a? an unfair statement to make um?

Mike

What?s unfair about it?

Jacinda

Again, well again I would speak to my? you know, to my own experience. Yes, I haven?t been an owner/operator I have um? I have run a small NGO, um? I have worked in small businesses and I have been a small business spokesperson, I even worked in a small business in the UK?

Mike

But until you own something you do not know what it?s like to own something.

Jacinda

Yeah and? and Mike this is why I put emphasis on the fact that I hear that. And you know I?ve seen? you know, the blood and tears that people put into their businesses. They often don?t collect salaries themselves?

Mike

Exactly.

Jacinda

In order to? I absolutely hear and understand that. And we are considering all of that.

Mike

And in what way? To let them off?

Jacinda

(Sighs). Again, we haven?t made any decisions and it?s only a matter of weeks before we will and we will put all of that in full for the public to see and to debate.

Mike

Did you see the poll on KiwiBuild last night?

Jacinda

On KiwiBuild?

Mike

Yes.

Jacinda

No, I?

Mike

Yes. 69% of people no longer believe you will build 100,000 houses. That?s your credibility in that area shot.

Jacinda

Ah well, actually I think people thought the housing crisis from the beginning, even before we started KiwiBuild, was pretty tough. Um? but that, you know, our option there Mike, is to say ah well, it?s too hard and not do anything, or to keep acknowledging that we have a massive lack of supply. And we have to do something about it. And I?m committed to that; you know? Not. you know, hit the first bump in the road? we can?t give up because we need to solve the supply problem.

Mike

But if you can?t build 1,000 who? why would you want to have any of us believe you can build 100,000?

Jacinda

We?ve already contracted 4,000? um?.

Mike

Contracting is not having a house with a key and sold.

Jacinda

Absolutely (indecipherable).

Mike

And that was one of Phil?s biggest problems. He kept promising stuff that never got delivered.

Jacinda

Mike, I think probably it?s still worth putting out. We as a government are building more houses than any government has built since the late 1970s.

Mike

Appreciate your time. Jacinda Ardern, prime minister, Tuesday mornings on the Mike Hosking breakfast.

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