Good news for personal income taxpayers

SOME GOVERNMENT DEPARTMENTS are reportedly busy drafting detailed rules on the deduction of housing mortgage interest or rent from the taxable income of individuals. Guangming Daily comments:

The news has raised people's hopes that the government would ease their financial burden soon. The sky-high housing prices and very high housing rents are the two major causes of people's anxiety. They have also lowered young people's pioneering spirit and taken a toll on their creativity.

It is good that the government has decided to ease people's financial burden by expediting the drafting of tax rules.