The need for tax cuts

The report that the Ministry of Human Resources and Social Security and the Ministry of Finance are examining the possibility of raising the personal income tax baseline won't impress consumers all that much.

Compared with the central government's sense of urgency to boost domestic spending, the slow response of tax authorities to growing public calls for income tax cuts seems inadequate if not insensitive.

There have always been calls to raise the tax baseline, which was most recently raised to 2,000 yuan a month two years ago.