The Democratic Party for the People’s campaign pledges for the House of Representatives election include “a 5％ consumption tax cut， reduced social insurance premiums， abolishing the invoice system， and raising the income tax base from 1．03 million yen to 1．78 million yen．”
The Democratic Party for the People announced its campaign pledges for the House of Representatives election on the 8th. “Increase your take-home pay. ” and its main pillars are measures to increase disposable income, such as tax cuts and reduced social insurance premiums. At a press conference, party leader Yuichiro Tamaki emphasized, “We will fill in the missing pieces of the chain to create a virtuous cycle that leads to wage increases.” The campaign pledges clearly state that the basic income tax deduction and salary income deduction will be increased from a combined total of 1.03 million yen to 1.78 million yen. The bill includes a reduction in the consumption tax rate to 5%, the abolition of the invoice system, and the lifting of the freeze on the “trigger clause” that partially reduces gasoline tax. He also called for lowering the voting age to 18. In light of the LDP faction slush fund scandal, he called for the establishment by March next year of a third-party organization to monitor political funds. On October 8th, the Democratic Party for the People announced its campaign pledges for the next House of Representatives election. The plan is titled “Increasing take-home pay (income)” and its main pillars are tax cuts, such as raising the minimum annual income on which income tax is levied from the current 1.03 million yen (the sum of salary income deduction and basic deduction) to 1.78 million yen. It also includes measures to raise children through the issuance of “education bonds,” doubling the budget for education and science and technology, and making education compulsory from the age of three. He emphasized that he would introduce a “basic food security payment” to directly compensate farmers for their income and achieve a food self-sufficiency rate of 50%. The plan states that by replacing nuclear power plants and building new ones, “we will ensure cheap and safe energy that does not rely on imports.” “Unless take-home pay increases, we cannot achieve sustainable wage increases,” representative Yuichiro Tamaki said at a press conference. “We would like to return the additional tax and non-tax revenues to the economy and create a virtuous cycle.” Released on Tuesday, October 8th at 12:22pm.
That’s a pretty realistic promise. The question is, how much can you protect it? I don’t remember the Democratic Party ever saying anything like this before.
It clearly states that the basic income tax deduction and salary income deduction will be increased from a combined total of 1.03 million yen to a combined total of 1.78 million yen. At least do this quickly, you damn LDP. It hasn’t been included since the second Abe cabinet.
>>28 It would be fine if it was implemented for a limited period of time. Even if it was for a year or two, I think the public would be able to accept it to some extent.
The consumption tax includes a portion of local consumption tax, so if they don’t come up with an alternative, they’ll be shunned by local governments across the country.
As long as our country depends on imports of energy and mineral resources, we must continue to be a strong economic power with an expanding trade surplus, money flowing back into Japan, wages rising, and a booming economy.
Even if he makes promises that he doesn’t normally say in the Diet, these kinds of promises are always made before elections, I won’t be fooled by Tamaki anymore.
The invoice system was pushed forward by the Komeito Party, so even if the Democratic Party for the People tries hard, it will be impossible to abolish the system.
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