The PNCR on Sunday pooh-poohed President Irfaan Ali’s announcement of a one-off cash grant of $200,000 to every household, countering with a proposal for a $400,000 per month tax-free threshold, which it would implement if elected next year.
In a statement, the party insisted that the tax-free threshold would not trigger inflation and the Dutch Disease and is the most prudent fiscal policy for this country. It said this proposal was part of the coalition APNU’s plan to end poverty here using sound economic reasoning.
At a party press conference on Friday, the PNCR/APNU stated that it had plans, should it get into office, to put a number to its long-standing policy proposal of increasing the tax-free threshold and introducing a tax allowance for personal income.
