Nicola Willis: National Finance Spokesperson says plans to cut the top tax rate may no longer be affordable

National is adjusting its tax plans, heading into next year's election. The party is reviewing its policies following the Reserve Bank's unprecedented OCR hike yesterday and its warning of a pending recession. Finance Spokesperson Nicola Willis says plans to cut the top tax rate may no longer be affordable. But she told Mike Hosking National still wants to index tax thresholds to inflation, and other parts of the tax policy remain on the table. Willis says National will continue to focus on tax reduction for the squeezed middle class. LISTEN ABOVESee omnystudio.com/listener for privacy information.