”Japan promotes 5 trillion yen tax cut plan to 'reduce high price burden'”

The Japanese government is expected to propose a 5 trillion yen tax cut in order to reduce the burden on ordinary people and low-income earners who are suffering from inflation. The Kishida Cabinet is suffering from declining approval ratings.
, I hope that this tax reduction card will become a card for reversing the situation. Reuters reports, citing multiple Japanese government officials, that the Japanese government will announce a 5 trillion yen tax cut proposal on the 2nd of next month.
It was reported on the 25th. In order to reduce the burden of living expenses caused by inflation, the Japanese government's structure is to provide a one-time reduction or exemption of per capita income tax and resident tax of 30,000 yen and 10,000 yen, respectively.
I told him that it was just my thoughts. 70,000 yen will be provided to low-income earners who do not pay income tax or resident tax. Reuters predicted that the tax cut plan will come into effect in June next year.
Prime Minister Fumio Kishida has recently teased tax cuts, saying that ``the benefits of Japan's economic growth should be shared with the people.'' Prime Minister Kishida earlier this month
In an interview with the Yomiuri Shimbun newspaper, he said, ``We must protect the lives of the people who are facing difficulties due to high prices,'' and mentioned tax cuts as an idea. Close to Prime Minister Kishida
Deputy Chief Cabinet Secretary Hideki Murai said the day before, ``The prime minister will give official and concrete instructions (on tax cuts) at the party's political meeting tomorrow (the 25th).''
Experts predict that this tax cut will have a positive effect on the economy, albeit a small one. Disposable place due to tax reduction
This is because the greater the income, the greater the household spending capacity. Toshihiro Nagahama, chief economist at the Dai-ichi Life Economic Research Institute, believes that if the tax cuts proposed so far go into effect, Japan's real gross domestic
GDP is expected to increase by 0.18%. The Kishida Cabinet's promotion of tax cuts also includes political calculations. Since the beginning of this month, the Kishida Cabinet's approval rating has dipped to 25% (Mainichi Shimbun survey).
ing. In particular, in the process of promoting tax increases to finance defense spending, Prime Minister Kishida was given the derisive nickname ``Tax Increase Glasses.'' As a result, in the by-election held last week, the opposition party
He suffered a defeat in which he lost one seat. For Prime Minister Kishida, who must hold a Liberal Democratic Party presidential election next year, a large-scale tax cut could be a turning point in recovering his slumping approval ratings.
However, even within the Liberal Democratic Party, there are voices of concern about tax cuts. The Nihon Keizai Shimbun reported that the previous day, at the Liberal Democratic Party Political Affairs Research Committee, members of the Liberal Democratic Party had raised the idea of being cautious about tax cuts.
I got it. This is because once taxes are lowered, it is difficult to raise them again, and the effects are unclear.