Indian Overseas Congress President Sam Pitroda’s recent remarks regarding inheritance tax have drawn a response from Uttar Pradesh Chief Minister Yogi Adityanath. CM Yogi stated that Pitroda’s comments reflect the mindset of the Congress party, suggesting that their intention is to levy taxes on the property of the common people.
Expressing his views on Pitroda’s statement
CM Yogi emphasized that the Congress party’s ideology revolves around targeting the assets of the general public, hence their advocacy for inheritance tax. He pointed out that this perspective was evident during the previous UPA government’s tenure and has resurfaced once again through Pitroda’s recent remarks. CM Yogi highlighted that the Congress party’s manifesto also hinted at similar intentions.
Furthermore, CM Yogi asserted that Pitroda’s statement reveals the true intentions of the Congress party. He argued that their motive is to burden the common people with taxes while adopting policies that benefit infiltrators. CM Yogi emphasized that these individuals, who have no connection to India, would be favored over the native citizens.
The controversy surrounding Sam Pitroda revolves around his remarks on inheritance tax
Pitroda cited the example of the United States, where a 55% inheritance tax is imposed. He explained that if an individual possesses $100 million in assets, 45% would be inherited by their children, while the remaining 55% would be claimed by the government after their demise. Pitroda advocated for similar laws to be discussed and implemented in India.
CM Yogi’s response underscores the contrasting ideologies between the Congress party and the current government, particularly regarding taxation policies and their impact on the common people. The debate surrounding inheritance tax continues to stimulate discussions on economic policies and fiscal measures aimed at promoting social welfare and economic development.