Finance Minister Michael Cullen is dismissing National's claim it can offer two more rounds of tax cuts, without borrowing to fund them.
Party leader John Key told National's election year conference in Wellington yesterday that his party would bring in a second round of tax cuts in April next year and a third in April 2010.
Dr Cullen says National is trying to have it both ways by pretending any extra Government borrowing would only be for infrastructure. He says nobody believes that.
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