ID :
166878
Wed, 03/09/2011 - 16:35
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https://www.oananews.org//node/166878
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DPJ's proposed tax break extension bill set to pass Diet
(Kyodo) - A tax break extension bill proposed by the Democratic Party of Japan is expected to be passed by the Diet by the end of the current fiscal year after securing the support of the second-largest opposition party, lawmakers said Wednesday.
The ruling party, faced with a tug-of-war in a divided parliament, will try to pass two stopgap bills to extend a range of tax breaks and a child allowance program that would otherwise expire on March 31.
The DPJ is trying to prolong existing tax breaks for three months, while the other bill is aimed at extending for six months the monthly child allowance of 13,000 yen per child, the lawmakers said.
A senior lawmaker of the New Komeito party said it would basically support the DPJ-initiated bill for tax breaks. Most of the tax breaks were introduced when the New Komeito party and the Liberal Democratic Party were in government prior to the DPJ's assumption of power in 2009.
But lawmakers of the New Komeito party and the main opposition LDP have said they do not plan to support the stopgap bill for monthly child allowances.
The tax breaks cover around 100 items, including a cut in the real estate registration tax payable when a person buys a home and lower customs duties for tobacco and alcohol for travelers returning from overseas trips.
As for the child allowance program, the DPJ intends to insert in the stopgap bill a clause to make it a permanent measure from fiscal 2012, as the government has so far only secured a one-year law for fiscal 2010 ending March and a one-year bill for fiscal 2011 is being held up in parliament.
While the DPJ pledged 26,000 yen a month per child in its pledge for the 2009 election, the pending bill would add 7,000 yen for every child under 3 to the 13,000 yen paid monthly for every child up to junior high school age.
On Thursday, the DPJ's Diet affairs chief Jun Azumi is planning to formally ask opposition parties, which control the upper house of the Diet, to cooperate in passing the two bills.
The ruling party, faced with a tug-of-war in a divided parliament, will try to pass two stopgap bills to extend a range of tax breaks and a child allowance program that would otherwise expire on March 31.
The DPJ is trying to prolong existing tax breaks for three months, while the other bill is aimed at extending for six months the monthly child allowance of 13,000 yen per child, the lawmakers said.
A senior lawmaker of the New Komeito party said it would basically support the DPJ-initiated bill for tax breaks. Most of the tax breaks were introduced when the New Komeito party and the Liberal Democratic Party were in government prior to the DPJ's assumption of power in 2009.
But lawmakers of the New Komeito party and the main opposition LDP have said they do not plan to support the stopgap bill for monthly child allowances.
The tax breaks cover around 100 items, including a cut in the real estate registration tax payable when a person buys a home and lower customs duties for tobacco and alcohol for travelers returning from overseas trips.
As for the child allowance program, the DPJ intends to insert in the stopgap bill a clause to make it a permanent measure from fiscal 2012, as the government has so far only secured a one-year law for fiscal 2010 ending March and a one-year bill for fiscal 2011 is being held up in parliament.
While the DPJ pledged 26,000 yen a month per child in its pledge for the 2009 election, the pending bill would add 7,000 yen for every child under 3 to the 13,000 yen paid monthly for every child up to junior high school age.
On Thursday, the DPJ's Diet affairs chief Jun Azumi is planning to formally ask opposition parties, which control the upper house of the Diet, to cooperate in passing the two bills.
