Vargas proposes cutting taxes

[NewsWhore]

PRD presidential candidate, Miguel Vargas defended yesterday his proposal to cut the income tax from 25% to 15%, as reported in the Listin Diario. He said that this would reduce the cost of doing business, and the cost of goods and services. Vargas said that President Leonel Fernandez is trapped in the antiquated and inefficient conception that increasing taxes helps fight poverty and inequality. "He resists understanding that where he has fixed progressive and very high taxes, more poverty among the poor and more strife for the middle class has resulted," said Vargas. He commented that Fernandez forgets that in 1996 he himself proposed to reduce income tax from 30% to 10%. Vargas stressed that the application of high taxes has failed here and in any other nation where it has been applied. Vargas feels his proposal will create more jobs, benefit workers and the middle class.

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