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Ruling and Opposition Parties Alike Call for Consumption Tax Cuts; All Proposals Fail to Identify Sources of Funding

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By Ryosuke Okada and Takafumi Yamasaki / Yomiuri Shimbun Staff Writers

18:11 JST, May 2, 2025

Ruling and opposition parties have begun to call for cutting consumption tax rates as a measure to mitigate the impacts of U.S. tariff hikes and rising prices. The revenue from consumption taxes is meant to be used to finance social security benefits. Yet these politicians have gone ahead without bo...

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