Japan lawmakers to vote on food tax cut, cash benefit bill Fri.
TOKYO (Kyodo) -- Japanese ruling and opposition parties agreed Friday to vote later in the day on a bill to cut the consumption tax on food and bevera
Japanese lawmakers are set to vote on a bill that would cut the consumption tax on food and beverages by two-thirds, from 8 percent to 1 percent, starting in April. The bill also introduces an income-linked cash benefit program for lower earners, with initial funding provided by 1 percent of consumption tax revenue, slated for full implementation in fiscal 2029.
The bill, which is expected to pass the lower house with the support of the ruling Liberal Democratic Party and its junior coalition partner, the Japan Innovation Party, faces uncertain prospects in the Senate, where the ruling coalition lacks a majority.
Brief written by urgent.news from The Mainichi's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
