Budget (2): Misleading The Middle Class
In his weekly column for The Indian Express, veteran Congress leader and former Finance Minister P Chidambaram explains how the government’s argument that “the middle class taxpayer will pay less tax under the new tax regime is demonstrably wrong.”
To do this, he first arrives at a definition of the ‘middle class,’ justifies his argument with tax liability calculations and analyses the Union government’s philosophy of ‘spending without saving.’

