The Constitutional Democratic Party emphasizes income redistribution by reducing the consumption tax rate on a timely basis and strengthening taxation on the wealthy, saying that it is necessary to correct the disparity caused by "Abenomics". We have decided to come up with a policy to promote the economic policy.

In anticipation of the House of Representatives election, the Constitutional Democratic Party has put together a concrete economic policy, saying that it is necessary to correct the disparity caused by the economic policy "Abenomics" of former Prime Minister Abe.



In this, the consumption tax rate will be reduced to 5% on a timely basis, taking into account the protracted effects of the new coronavirus.



In addition, for the time being, the company plans to provide a real exemption from income tax for people with an annual income of 10 million yen or less and benefits for low-income earners.



On the other hand, the company plans to promote policies that emphasize income redistribution by strengthening the taxation of wealthy people on financial income and introducing a progressive tax rate into corporate tax to increase the burden on large corporations.



Furthermore, it is positioned as a "basic service" that is indispensable for living in medical care, long-term care, and childcare, and the national budget will be allocated with priority.



The Constitutional Democratic Party has decided to incorporate these economic policies into the promises of the lower house elections and appeal for their realization.