The third element I want to talk about is in regards to the 39 percent personal tax rate. National strongly oppose this element of the bill. This tax will affect nearly 120,000 Kiwi taxpayers. This is 44,000 more Kiwi taxpayers than the Inland Revenue originally and first estimated would be impacted by this change in the law. The IRD has noted, and I quote: "significantly higher than anticipated"—so that's the number of people that are captured by this new tax. This element of the bill really acts as what I would describe as the driftnet of taxation that Labour are using to basically harvest and feed their addiction to spending—this driftnet of taxation that we're seeing across the board. The 39 percent personal tax rate, the extension of the brightline test, the limit of interest deductibility are all examples of where this Labour Government are continuing to put pressure and increase taxation on hard-working Kiwis. 