Share this

Jun 25, 2008

DPP proposes tax refund

DPP legislators have suggested that instead of injecting cash before 7/4 into infrastructure projects aimed at incoming Chinese tourists , the central government should provide a tax refund of about NT$20,000 to each household.

Of course, since the government is running in a deficit, the premier said no.

The DPP plan strikes me as a hallow gimmick which sounds good but doesn't make sense unless there's a budget surplus of some kind from stronger-than-expected economic growth and reigned in spending. That's not gonna happen.

No comments: