Submission of a bill to reduce the Meiji Restoration tax rate to 8% for the time being New Corona June 5 15:16

As an economic measure against the spread of the new coronavirus, the Japan Restoration Association has submitted a bill to the House of Councilors to reduce the consumption tax rate to 8% for the time being.

The bill submitted by the Japan Restoration Association states that the consumption tax rate will be reduced from 10% to 8% for the time being in order to improve the economy.

And, in order to prevent the financial impact of local governments from being affected, the government will secure the financial resources for the tax reduction by reducing the annual expenses and the fixed number of members of the Diet and by administrative reform.

Mr. Otokita, who submitted the bill, said at a press conference, "It takes time to reach "sustainable benefits" and uniform benefits of 100,000 yen. It's rational."