While the government and the ruling parties are aiming for the early enactment of a supplementary budget bill that supports economic measures that include income tax cuts and benefits to low-income households, the opposition parties are intensifying their criticism that the content is insufficient, and the debate between the ruling and opposition parties is expected to continue in the Diet.
Last week, the government decided on an economic package that includes a flat-rate tax reduction of 1,4 yen per person for income tax and resident tax combined, and a 7,<> yen payment to low-income households that are exempt from resident tax.
LDP Secretary-General Motegi said, "By cutting taxes during the bonus period for the next fiscal year, we hope to increase disposable income in addition to wage increases, creating a virtuous economic cycle at once."
The government and the ruling parties plan to submit a supplementary budget bill to the Diet later this month with the aim of enacting it as soon as possible so that benefits can be paid as soon as possible, and at the Tax System Study Committee, the tax system will discuss the specific design of the tax reduction system.
On the other hand, Okada, secretary-general of the Constitutional Democratic Party of Japan, said, "If Prime Minister Kishida had given instructions during the summer, the measures should have been taken long ago, but the speed is very slow.
The opposition parties have intensified their criticism that the government's response has been slow and insufficient, and are calling for the implementation of measures put together by each party, such as the reduction of benefits and social insurance premiums, and the debate between the ruling and opposition parties is expected to continue in the Diet.