On the 2nd, the government and ruling parties began considering postponing for one year the design of the overall automobile tax system and related policies, including the gasoline tax cut requested by the Democratic Party for the People. The plan is to examine the spread of electric vehicles (EVs) toward decarbonization and their impact on tax revenue, with the aim of reaching a unified conclusion in the tax reform for fiscal 2026, which will be discussed at the end of 2025. The government will continue to take time to consider a full-scale reform to replace the current system, which is based on gasoline-powered vehicles. The outline of the tax reform for fiscal 2013, which will be compiled this month, will prioritize designing a system to revise the “annual income wall” for income tax, which has become a focal point. However, the Democratic Party for the People, which is calling for a cut in gasoline taxes, is demanding a conclusion by the end of the year, so negotiations may run into difficulties. On the 2nd, the Liberal Democratic Party held a related meeting of its Tax System Research Council and discussed a policy of keeping automobile-related tax systems a “matter for long-term consideration” in the tax reform for fiscal 2013. A full review is planned for one year from now. December 02, 2024 05:45 Kyodo News.
>>1 In the national financial statements for fiscal year 2021, tax and stamp revenues were about 64 trillion yen and social security-related expenses were about 55 trillion yen In other words, 86% of tax and stamp revenues were used for social security-related expenses. In Japan, one third of the population is over 65 years old and their livelihoods are supported by social security, and two people, including people with disabilities and minors, support the lives of one elderly person, so the burden on the working generation is increasing. We can’t cut taxes without making big cuts to social security spending.
The question is what Tamaki will do. He will likely support the supplementary budget, but will a vote of no confidence be possible? Or will the Constitutional Democratic Party or the Japan Innovation Party join in on the no confidence vote?
I wanted this to come before the 1.03 million barrier, but if they get pushed back because they have to deal with the 1.03 million barrier first, I don’t think the Democratic Party for the People will be able to take a strong stance. It’s a shame. In a year, the Democratic Party for the People boom will be over, so it’s impossible to make it happen.
This is just a postponement, in the hopes that they can crush Tamaki in a year. Tamaki, go ahead and kick ass. Now is the time to vote for the Democratic Party for the People.
He even said he was “putting his political career on the line” and then went back on his word, so why is he still the representative? He’s a total loser, so I don’t think he really cares.
People will start complaining about local tax revenues, but local tax revenues have been in the black for the past few years, so there’s no money problem.
>>42 Even if they did, they would still have to pay local taxes and subsidies for high prices, so the effect would be limited. Kerosene doesn’t even trigger it.
Please be clear about the funds needed to survive the faction of politicians who flock to the gasoline tax and the retired bureaucrats who have been transferred to other government agencies.
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