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No Income Tax For The Young? This Journalist Explains Why The Plan Is A Bad Idea
Income Tax form (Rajkumar/Mint via Getty Images)
The Congress’ new strategy to woo the young – proposing to do away with Income Tax for those below the age of 35, might not exactly be in the best interests of the nation. Estimates peg around 15 million first-time voters will cast their votes in the 2019 General Elections and the Congress is desperate not to repeat the drubbing it received in 2014 when it bagged just 44 seats.
While there is no news on whether this will make it to the party’s manifesto, the proposal in itself is a bad idea.
Bloomberg Columnist Andy Mukherjee, in a series of tweets, explained exactly why it is so.
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