Chris Hipkins: Labour Leader talks capital gains taxes, coalitions, cross-party commitments

Chris Hipkins says coalitions require a balance of compromise and standing by values.

The Labour leader says New Zealanders understand the nuances of MMP and the reality that parties can't get everything they want.

He says that means parties often can't accomplish as much as they hoped.

But Hipkins told Kerre Woodham some things will be bottom lines.

Hipkins says an example of that is his commitment not to have a wealth tax, which he intends to hold to.

Hipkins isn't laying out his plan for interest deductibility but says he hears landlords' argument for it.

National brought back the scheme after Labour removed it in 2021, but its fate is still unclear if Labour makes a comeback in 2026.

Hipkins told Woodham the decision will come out next year in Labour's alternative budget.

He says he's heard from landlords who couldn't continue renting out properties after Labour's change in 2021.

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