"The '1.03 million yen wall' will be resolved by tax reform at the end of the year,&quo
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In the House of Representatives election at the end of October, the ruling coalition of the Liberal Democratic Party and Komeito lost their majority for the first time in 15 years. Yuichiro Tamaki, leader of the Democratic Party for the People, who is said to hold the casting vote in the administration of the minority ruling party, appeared live on Fuji TV's "Sunday Report THE PRIME". He discussed the outcome of policy discussions with the ruling party. Regarding the review of the "1.03 million yen wall", which the Democratic Party for the People has made the top priority in policy discussions, Tamaki said, "We want to make this a permanent measure. We want it to be included in the tax reform at the end of the year," and called for the ruling party to reach a conclusion by the end of the year. In the House of Representatives election in October, the Democratic Party for the People is calling for a review of the "1.03 million yen wall", which stifles take-home pay when annual income exceeds 1.03 million yen, and for the amount of basic income tax deductions to be raised to 1.78 million yen. When asked by Pictet Japan's Ichikawa Shinichi on the program whether other income barriers related to social insurance payments would be reviewed in relation to the "1.03 million yen barrier," Tamaki responded, "We will consider comprehensive reforms that include income barriers other than the 1.03 million yen barrier." Tamaki also emphasized that the Democratic Party for the People is "not considering joining a coalition at all" when it comes to forming a coalition with the LDP and Komeito. Prime Minister Ishiba is arranging to hold a meeting between party leaders with Tamaki on the morning of the 11th, when the special Diet session is scheduled to convene. #Hashimoto Toru #Tamaki Yuichiro #Democratic Party for the People #Sunday Report THEPRIME FNN Prime Onlinehttps://www.fnn.jp/
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