When it comes to their own proposal, WP thinks "tax and rebate" is a good thing for a laudable purpose.
AND YET, they oppose the GST hike even through it is also "tax and rebate" and even though it is for the laudable purposes of funding healthcare for an aged population and preschool for the low income.
A $6 billion package will be introduced when the GST rate is raised to cushion the increase. Most Singaporean households will get offsets to cover at least five years' worth of extra GST expenses incurred.
Those living in one- to three-room HDB flats will receive offsets amounting to about 10 years' worth of additional GST expenses.
Every adult Singaporean will get a cash payout of between $700 and $1,600 over five years, depending on their household income and dwelling type.
No good reason to oppose when the government wants to ensure that Singapore remains fundamentally financially sound for future generations and not just today.
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