'Middle Class Taxed For Surviving, Not Thriving': Expert Urges Fix In Budget 2026

In a compelling call for reform, tax expert Dr. Anjali Singla has highlighted the financial strain on the middle class, arguing that current tax policies unfairly penalize those simply making ends meet. Speaking at a recent economic forum, Singla emphasized that the existing tax structure disproportionately impacts middle-income earners, who often find themselves squeezed between rising living costs and stagnant wages. Singla's proposal centers on implementing a percentage-based standard deduction. This innovative approach, she contends, would align taxation more closely with an individual's economic reality. By allowing deductions to scale with income, the system would better accommodate the financial pressures faced by the middle class, offering a more equitable solution that acknowledges their vital role in the economy. As Budget 2026 discussions loom, policymakers are urged to consider such reforms seriously. Advocates argue that adopting Singla's model could not only relieve financial burdens but also stimulate economic growth by boosting disposable income. Whether these recommendations will influence the upcoming budget remains to be seen, but the conversation around tax fairness is gaining momentum.

— Authored by Next24 Live