Miscellaneous - This Day That Age   

dated May 24, 1957: CR flays tax proposals

Mr. C. Rajagopalachari said in Madras on May 22 that the idea that the country should be taxed in the manner envisaged by the budget proposals, in order to support the Plan they had already made, must open their eyes to examine not the abstract, ethical and psychological aspect of "defeatism" in not carrying it out, but the concrete question "whether the Plan is right and whether it requires to be altered." He said that if the Plan, as admitted by the Government themselves, had resulted in high prices and the proposed taxation measures raised the price-level still further instead of steering clear of it, and "if these are the essential parts of our Plan, it is better to look into it." Pointing out that a comparatively heavier burden would be cast on the poor by the new imposts, Rajaji warned the Finance Minister not to indulge in "financial brinkmanship" as it would lead to a breaking point "when the tax-payer cannot pay". He characterised the proposals as politically and financially very wrong and warned the Congress that its future as the ruling party would be endangered. Rajaji was speaking at a symposium held at the Srinivasa Sastri Hall, Madras.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Cartoonscape
The Hindu Crossword No. 8921
Solution to Puzzle No. 8920
Spiritual essence
dated May 24, 1957: CR flays tax proposals
dated May 24, 1957: Stop nuclear tests
Weather

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu