Raise income tax for the rich to fund a permanent R350 grant, say experts

Raise income tax for the rich to fund a permanent R350 grant, say experts

Queues for social grants in Khayelitsha. An expert panel has recommended that the Social Relief of Distress grant be extended and financed through raising income tax. Archive photo: Mary-Anne Gontsana A panel of experts appointed by the Department of Social Development has found that making the Social Relief of Distress (SRD) grant permanent is affordable and would boost the economy.

In their report, presented in Pretoria on Tuesday, they say the grant should be financed through higher personal income taxes on the rich.

They say this would be better for the economy, and for reducing inequality, than financing it […]

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