February 7, 2014
Japanese Communist Party Upper House member Tatsumi Kotaro on February 6 expressed his opposition to the FY2013 supplementary budget bill, criticizing it as pushing Japan’s economy into a vicious spiral.
The House of Councilors plenary session on that day approved the 5.5 trillion yen supplementary budget draft with the support of the Liberal Democratic, Komei, and New Renaissance parties.
In the discussion prior to the vote, Tatsumi condemned the fact that the budget bill will give a generous tax break to large corporations while citizens will have to shoulder additional tax burdens with the planned consumption tax increase and cuts in social security programs. The budget will “further widen economic gaps and undermine the basis of the economy”, he stressed.
The supplementary budget includes the abolition of the special corporate tax for post-2011 disaster reconstruction a year ahead of schedule, allocation of 800 billion yen to cover losses by the abolition, and promotion of large public works projects using more than 300 billion yen.
Tatsumi demanded that the government, in order to create the “positive growth cycle” it calls for, cancel the increase in the consumption tax rate and impose tax payments on large corporations and the wealthy according to their ability to pay.
Past related articles:
> End unfair taxation system: JCP Sasaki (February 4, 2014)
> Heavier burden in taxes for disaster recovery will end for businesses but continue for general public (September 22, 2013)
The House of Councilors plenary session on that day approved the 5.5 trillion yen supplementary budget draft with the support of the Liberal Democratic, Komei, and New Renaissance parties.
In the discussion prior to the vote, Tatsumi condemned the fact that the budget bill will give a generous tax break to large corporations while citizens will have to shoulder additional tax burdens with the planned consumption tax increase and cuts in social security programs. The budget will “further widen economic gaps and undermine the basis of the economy”, he stressed.
The supplementary budget includes the abolition of the special corporate tax for post-2011 disaster reconstruction a year ahead of schedule, allocation of 800 billion yen to cover losses by the abolition, and promotion of large public works projects using more than 300 billion yen.
Tatsumi demanded that the government, in order to create the “positive growth cycle” it calls for, cancel the increase in the consumption tax rate and impose tax payments on large corporations and the wealthy according to their ability to pay.
Past related articles:
> End unfair taxation system: JCP Sasaki (February 4, 2014)
> Heavier burden in taxes for disaster recovery will end for businesses but continue for general public (September 22, 2013)
