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The reduction in personal income tax or better a complete abolishment will immediately put more money in the hands of the employed middle class, and spur consumption immediately. This will eliminate the tax terrorism, and harassment.

This will ensure the companies get back on feet, become healthy, and in turn reduce the bank NPAs.

People will also hire more workers for home and add to job growth in the informal sector.

The fiscal gap, can be managed via sale of PSUs and cut on govt spending for the first 2 yrs.

[QUOTE="Jaykay767, post: 439327, member: 26832"] The reduction in personal income tax or better a complete abolishment will immediately put more money in the hands of the employed middle class, and spur consumption immediately. This will eliminate the tax terrorism, and harassment. This will ensure the companies get back on feet, become healthy, and in turn reduce the bank NPAs. People will also hire more workers for home and add to job growth in the informal sector. The fiscal gap, can be managed via sale of PSUs and cut on govt spending for the first 2 yrs. [/QUOTE]

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