P Chidambaram - India News

Tax burdens on the middle class and poor is actually taxing distress : P Chidambaram

P Chidambaram, Former Union Finance Minister:

  • New or higher taxes are justified only when the economy is booming. Tax burdens on the middle class and poor is actually taxing distress.
  • Governments should GIVE money to the people in times of distress, not SQUEEZE and TAKE money from the people.
  • We have been pleading for cash transfers from the government to the bottom half of the people/families.
  • Instead governments are doing a REVERSE TRANSFER of money from the people to the government! Cruel.
  • New or higher taxes will impoverish families further. Governments must borrow to meet their deficits, not impose higher tax burdens when economic activity has ground to a halt.

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