The opposition’s promise to reduce car prices is just a political gimmick to gain popularity and attract votes because such a promise cannot be fulfilled said Unmo Youth Chief Khairy Jamaluddin.

Khairy said abolishing tax for cars would reduce the country’s tax revenue by RM4.6 billion a year.

“We can sacrifice RM4.6 billion in tax revenue but add that up to promises made like abolishment of toll, free education, increased oil royalty to Sabah and Sarawak, abolish Perbadanan Tabung Pendidikan Tinggi Nasional and ensure a minimum wage of RM4,000 for every family, the country will go bankrupt,” he told reporters after chairing an Umno Youth Exco meeting here today.

Khairy opined that such ‘easy’ promises would have serious implications on the financial status of the country and the opposition too did not state how such promises would be funded.

The promise to reduce car prices if the opposition gained power, was made by Parti Keadilan Rakyat’s (PKR) strategy director Rafizi Ramli.

He had said that Pakatan Rakyat (PR) will offer a complete revamp of the National Automotive Policy (NAP), including slashing hefty excise duties and reducing the triple-tax burden imposed on cars here, should it come to power in the next general election.