The Democratic Party for the People is calling on the ruling party to lower the consumption tax to 5％， raise the basic income tax deduction， and abolish the temporary gasoline tax rate．
On the 13th, it was revealed what demands the Democratic Party for the People will present at discussions with the ruling party on tax reform for fiscal 2025, scheduled for the 14th. In addition to raising the basic income tax deduction, they are calling for a temporary reduction in the consumption tax to 5% and the abolition of the temporary gasoline tax rate. The bill includes a number of large-scale tax cuts, which were included in the Kokumin’s campaign pledges for the House of Representatives election, but negotiations with the ruling party, which is concerned about securing financial resources, are likely to be difficult. They call for a reduction in the consumption tax to 5% until a stable nominal wage increase rate of 2% above the rate of inflation is achieved. They also call for a single tax rate and the abolition of invoices (qualified invoices) that correspond to the multiple consumption tax rates of 10% and 8%. Regarding income tax, the government plans to repeatedly demand an increase in the basic deduction from the current 1.03 million yen to 1.78 million yen. Other key issues included the reinstatement of the child support deduction, which was abolished in 2010 with the creation of the child allowance (now the child allowance), and tax cuts for cryptocurrency transactions. It also clearly stated that the temporary gasoline tax rate would be abolished. ※Previous thread The Democratic Party for the People is demanding that the ruling party lower the consumption tax to 5%, raising the basic income tax deduction, and abolishing the provisional gasoline tax rate [hitzeschleier★].
The only way to counter this is to form a grand coalition between the LDP and the CDP. If things continue like this, we won’t be able to suppress the momentum of those in favor of tax cuts.
>>6 On the 7th, Yuichiro Tamaki, leader of the Democratic Party for the People, said about the necessary financial resources, “If it costs 7 trillion yen, it is the responsibility of the government and the ruling party to cut that 7 trillion yen from somewhere. We will continue to request that the 1.03 million yen be increased to 1.78 million yen,” he said, calling on the ruling party to act.
I saw somewhere that the top two in the Korean resident (real foreigner) community in Japan are Akimoto Yasushi and Hayashi Mariko, but of course their owner is Abe Shinzo.
It’s probably not going to be possible to get the 1.78 million right away, but the consumption tax cut can be done right away, right? Can it be done from April?
The governors’ association reacted negatively because Minister of Internal Affairs and Communications Murakami had done the groundwork to get them to oppose the plan.
I’d be happy to commit adultery 100 more times if they would bring the consumption tax back to 5%. And Shinjiro Koizumi, please bring back the plastic bags!
If a parliamentary government with a minority government allows the opposition party to issue a vote of no confidence at any time, it is clear that it is all over.
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