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Economy · Party position

Labour on Economy

Future Fund, transport cap, and capital gains tax

Labour says it will set up a New Zealand Future Fund to invest in the country's future. It will cap weekly public transport costs at $20 per person. It also has a Capital Gains Tax policy and wants to make several everyday costs cheaper, like prescriptions, doctor visits, and maternity scans, through a new Medicard.

What they say they'll do

  • Cap weekly public transport fares at $20 per person
  • Establish a New Zealand Future Fund to invest in the country's future
  • Introduce a Capital Gains Tax
  • Make prescriptions free by removing the $5 fee
  • Provide three free doctor visits a year via a new Medicard
  • Make maternity scans and cervical screening free

Who this affects

Public transport users
Their weekly bus or train costs would be capped at $20 under Labour's proposal.
Investors and property owners
A Capital Gains Tax would apply to their assets, as outlined in Labour's policy.
General public
Free prescriptions, doctor visits, maternity scans, and cervical screening would reduce out-of-pocket health costs for everyone.

In their own words

“$20 a week is the most you'll pay to get around by bus or train under Labour.”
“Backing New Zealand's potential and investing in our future - for a future made in New Zealand.”
“Labour will remove the $5 fee on prescriptions to make them free – for everyone.”
Verify at Labour — official policy page

Summarised neutrally from Labour’s own official policy (as at 2026-06-22) and checked by an editor — never paraphrased without the source linked, and never an endorsement. Read the original ↗ Arapono is non-partisan. Compare all parties on Economy →

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