Two Sessions Speaking of the Wind | Can the income of the people rise? How to increase? These blockbuster statements cannot be missed
Sino-Singapore Jingwei Client, March 10th (Dong Xiangyi) Income is the source of people's livelihood.
This year's government work report stated that it is necessary to stabilize and expand consumption and increase residents' income through multiple channels.
During the "14th Five-Year Plan" period, efforts were made to increase the income of low-income groups and expand middle-income groups. The growth of per capita disposable income of residents was basically synchronized with the growth of GDP.
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Officials have expressed their opinions one after another, conveying good people's livelihood
During the National People's Congress and the People's Republic of China, many heads of ministries and commissions expressed their opinions and sent positive signals around the topic of increasing people's income.
In the first ministerial channel, He Lifeng, head of the National Development and Reform Commission, stated that domestic consumption will be promoted in 2021.
The main purpose is to increase the income of urban and rural residents through multiple channels and improve the ability and level of domestic consumption.
Hu Zucai, deputy director of the National Development and Reform Commission, also emphasized at the press conference of the State Council Information Office that efforts should be made to increase the incomes of low-income groups and expand middle-income groups; residents’ income growth and economic growth should be basically synchronized, a reasonable wage growth mechanism should be improved, and labor remuneration should be improved. The proportion of the primary distribution, the improvement of the innovation factor participation mechanism, and the increase of property income through multiple channels.
The "14th Five-Year Plan" outline clearly proposes to be more proactive in promoting common prosperity. Hu Zucai explained this, closely following the main contradiction of unbalanced and insufficient development, and focusing on narrowing the gap between urban and rural regional development and income distribution. Solidly promote common prosperity.
Specifically, it is necessary to "cut the cake well" while "making the big cake".
We must coordinate the work of people’s livelihood and well-being in all aspects of employment, income distribution, education, social security, medical care, housing, elderly care, and childcare, and pay more attention to the rural, grass-roots, and underdeveloped areas, and the people in need.
Tax cuts are closely related to income increases, or Dong Mingzhu, a deputy to the National People's Congress, would not have called for an increase in the tax threshold for many years.
According to data from the Ministry of Finance, during the "13th Five-Year Plan" period, my country's cumulative tax cuts and fees will exceed 7.6 trillion yuan, and the scale of new tax and fee reductions in 2020 will exceed 2.6 trillion yuan.
Minister of Finance Liu Kun said on the ministerial channel that this year, the deepening of the value-added tax reform and the special additional deductions for personal income tax will continue to be implemented, and the policy stacking effect will continue to be released, and the burden of the masses and enterprises will be more and more reduced. obvious.
As far as low-income groups are concerned, the No. 1 Central Document in 2021 has clearly determined that the income of farmers will continue to grow faster than that of urban residents, and the results of poverty alleviation will continue to be consolidated.
Carry out dynamic monitoring of rural low-income population, and implement hierarchical and classified assistance.
At the same time, Minister Liu Kun also said that normalization assistance will be implemented for the low-income population in rural areas, monitoring and early warning will be supported to prevent poverty and return to poverty, follow-up support for poverty alleviation and relocation will be increased, industrial development in poverty-stricken areas will be supported, employment of the poverty-stricken population will be stabilized, and continued Increase income.
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How to increase income? Many representative members "weapon"
During the National Two Sessions, “increasing the income of low-income groups and expanding the size of middle-income groups” became the focus of attention of many delegates and committee members. They actively offered suggestions on how to increase income, and there were many bright spots.
Liu Shangxi, member of the National Committee of the Chinese People's Political Consultative Conference and president of the Chinese Academy of Fiscal Sciences, believes that the size of low-income groups must be reduced, and the formation of low-income groups has inherent institutional factors.
For example, the existing nearly 300 million migrant workers have difficulty enjoying same-city treatment.
Like poverty alleviation, we must fight a tough battle for social reform with equal treatment in the same city as the core.
Wei Houkai, deputy to the National People’s Congress and director of the Institute of Rural Development of the Chinese Academy of Social Sciences, believes that farmers’ income is measured according to the household’s per capita disposable income. Increasing per capita income can be achieved in two ways: one is to reduce the denominator through urbanization and the rural population If it decreases, there will be more opportunities for the development of the remaining rural population, which is conducive to the development of large-scale land enterprises.
The second is from a molecular perspective, through reform and innovation to stimulate farmers' endogenous sources of income and promote the development of local industries.
In the past, the increase in income of farmers in poor areas was mainly due to the fact that farmers went to work in other places, but there was no corresponding industrial support in the local area, which may lead to the decline of rural industries in the long run.
Lu Keping, deputy to the National People's Congress and Secretary of the Party Committee of Henan University, suggested that on the basis of a sound anti-poverty monitoring and assistance mechanism, a sound assistance mechanism for rural low-income groups in poverty alleviated areas should be established.
For example, exploring specialized and targeted assistance mechanisms such as education development, medical and health care, cultural revitalization, and technological transformation.
Liu Shijin, deputy director of the Economic Committee of the National Committee of the Chinese People's Political Consultative Conference and vice chairman of the China Development Research Foundation, said that the so-called middle-income group refers to people whose annual income is between RMB 100,000 and RMB 500,000 for a family of three.
At present, the size of this group in my country is about 400 million people.
China should strive to achieve a doubling of the middle-income group in about ten years. The middle-income group will grow to 800 to 900 million people, accounting for more than 60% of the total population.
Liu Shijin believes that to expand the middle-income group, the focus should be placed on the 280 million migrant workers who have entered the city. These people are the most likely people at this stage to enter the middle-income level from a lower income level.
Fan Xiaoyun, member of the National Committee of the Chinese People’s Political Consultative Conference and executive vice president of Nankai University’s School of Finance, suggested that we can increase investment in innovation, expand domestic demand policies, improve the business environment and promote consumption upgrades, increase residents’ income, improve income distribution structure, and promote a higher level of foreign investment. Open and other levels to proceed.
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Expand employment and increase residents’ property income
To achieve a steady increase in income, expanding employment is the top priority.
Wen Bin, chief researcher of China Minsheng Bank, told a reporter from China-Singapore Jingwei, “Only when you are employed, residents will have income. Increasing the proportion of labor income in the national income will also help achieve the goal of common prosperity. In addition, further increase the personal tax. At the same time, further optimizing the structure of the personal income tax rate can also increase revenue."
Wen Bin believes that the fiscal income of residents should be increased.
In the past, real estate accounted for a relatively high proportion of residents’ wealth. In the next stage, with the development of the capital market, residents’ wealth structure will be further optimized, and the proportion of financial assets in residents’ wealth will further increase.
"It is necessary to guide residents' savings to be allocated to the capital market through intermediary agencies. This will help the sustainable and healthy development of the capital market. On the other hand, it will also help increase personal property income and optimize the wealth structure." He said.
It must be mentioned that in the context of expanding domestic demand, it is very urgent to increase residents' income.
Jia Kang, a researcher at the Chinese Academy of Fiscal Sciences and Dean of the China Academy of New Supply Economics, told the Sino-Singapore Jingwei Client that my country’s per capita annual income has reached 30,000 yuan, but there are still 600 million people whose monthly income is just over 1,000 yuan. In addition, in recent years, the total population of about 400 million people is below the "sandwich layer" of the middle-class income level, and the spending power of this total of 1 billion people is still relatively limited.
In Jia Kang's view, how to improve the spending power of ordinary people, that is, increase the income of low-income workers, and ease consumption differentiation, requires attention and resolution.
On the one hand, it positively encourages employment and provides better employment opportunities; on the other hand, it optimizes and strengthens the government’s transfer payments to low-income earners, and its assistance targets are usually various disadvantaged groups.
(Zhongxin Jingwei APP)
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