Niinami Takeshi is opposed to raising the “annual income threshold” in his proposed partial coalition with the Democratic Party for the People， saying， “We don’t want to end up wasting money on finances．”
Niinami Takeshi: “We must not let finances become a disposable income” Opposed to raising the “annual income threshold” in partial coalition proposal with the Democratic Party for the People: Tokyo Shimbun October 31, 2024 19:03 At a press conference on the 31st, Niinami Takeshi, executive director of the Japan Business Federation, said, “We support the direction of increasing the disposable income of the people, but we must ensure that finances do not become a disposable income,” in response to the possibility that the ruling party will accept the Democratic Party for the People’s own policies following the ruling party’s failure to gain a majority in the House of Representatives election. On the other hand, he expressed opposition to raising the “annual income wall,” which the government estimates would reduce tax revenue by 7.6 trillion yen. Niinami also serves as a private member of the government’s Council on Economic and Fiscal Policy. The Democratic Party for the People had pledged to raise the minimum amount at which income tax is payable (from 1.03 million yen to 1.78 million yen) in its election pledge, but Niinami pointed out that “at a time when fiscal needs (such as defense tax increases) are extremely large, the significant reduction in tax revenue will place a heavy burden on the finances.” He added, “The higher one’s annual income, the greater the benefit. If we want to increase disposable income, we should address social security issues such as abolishing the third category of insured persons and raising the medical care burden for the elderly (raising out-of-pocket costs).” (Kuhara On).
>>1 Since Aso lost the election, the “independents” are fleeing the anti-Japanese, left-wing, incompetent, Ishiba-idiot LDP lol Dropped sharply from 15% to 12%!! lol Anti-Japanese mass media trash leftists!! What is it about Ishiba and Koizumi that makes them popular with the independents? lol Prime Minister Ishiba Shigeru’s “popularity among the people” is in doubt after a big loss in the single-seat constituency with supporters, “13 wins, 63 losses” lol .
>>12 The LDP is also implementing a 5 trillion yen household budget package and the first round alone will cost 5 trillion yen and all they’ll do is provide grants to households not subject to resident tax, as usual.
Well, if you ask me if I would cut back on work if I made 1.03 million yen, I wouldn’t. If you ask whether there really is a wall there, I guess I’m just grateful for the tax cut.
Even if it exceeds 1.03 million yen, tax is only levied on the amount over that, so your income will increase. Too bad there are so many idiots who complain without mentioning that.
I understand that cutting spending should come first, but if they can’t do that and end up just throwing it around, they have no choice but to force through the cuts.
>>49 No, no, no They’re just stirring up a sense of unfairness In reality, the lower the income, the more benefits But they know that and are saying it because they want you to quit.
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