The Nippon Ishin no Kai has decided to postpone the lifting of the "trigger clause" to suspend the taxation of the additional portion of the gasoline tax over the measures against the soaring crude oil price. I submitted a bill to the Diet to abolish.
For the time being, the government and the ruling party are planning to expand subsidies to oil wholesalers over measures to counter the rise in crude oil prices, and will temporarily suspend the taxation of the additional portion of the gasoline tax of about 25 yen per liter. The unfreezing of the "trigger clause" is expected to be postponed.
The urgent economic measures bill submitted to the House of Representatives by the Nippon Ishin no Kai on the 21st could lead to market turmoil when the government and the ruling party "suspend or resume taxation of the additional portion of the gasoline tax. Based on the fact that it is pointed out, the taxation of the additional portion itself will be abolished, and the gasoline price will be permanently reduced.
In addition, the bill will gradually reduce the consumption tax reduction rate applied to food and drink from the current 8% to 3% as a measure against soaring food and electricity prices, and ensure safety. It also includes the prompt operation of nuclear power plants.