“Tax and spend is credo of BJP government”- Chidambaram

Chidambaram, the former Union Finance Minister during the NDA regime has now emerged as one of the most vocal critics of the economic policies of Prime Minister and  BJP. He  countered the PM’s criticism of Rahul Gandhi and  asked Narendra Modi if the government’s Chief Economic Adviser Arvind Subramanian was also stupid.

After the prime minister on Thursday, November 29th, mocked Rahul Gandhi and the Congress’ demand that the Goods and Services Tax rate should be capped at 18% as a “grand stupid thought” by “a recently emerged economist”, Chidambaram replied today, on Twitter, with the question, “If it is Grand Stupid Thought to argue for a cap of the tax rate at 18%, then CEA Dr Arvind Subramaniam and many other economists are stupid. Is that what PM is saying?”

Chidambaram further went on to bash the BJP for its heavy taxes: “Tax and spend is the credo of the BJP government,” the Congress leader said. “Example: when crude oil prices fell by 50%, prices of petrol and diesel remained the same.”

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