The Taxpayers' Union is calling on Prime Minister Christopher Luxon to take decisive action in today’s economic-focused State of the Nation address to the Auckland Chamber of Commerce.

Taxpayers' Union Executive Director Jordan Williams is urging the government to prioritise significant tax cuts and pro-growth policies, particularly in corporate taxation.

"If the Government is serious about growing the economy, it would immediately cut the company tax rate – or allow for full expensing of capital expenditure this year to put a rocket under investment incentives and to grow productivity," Williams stated.

According to Williams, implementing such measures would come at a cost, requiring substantial reductions in what he describes as “wasteful government spending.”

He emphasised that New Zealanders expect Finance Minister Nicola Willis to take meaningful steps to curb expenditure rather than merely slowing its growth compared to previous Labour-led budgets.

"National cannot fall into the habit of simply naming a new ministerial portfolio and trying to jaw-bone public policy outcomes," Williams added.

"Hard work and bold policy are necessary to grow New Zealand's productivity and New Zealanders' prosperity."

Luxon’s State of the Nation address is expected to outline the government's economic vision, with many anticipating signals of fiscal restraint, tax policy direction, and strategies to drive business investment.

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