Takaichi Enters Competition for Leadership Position within Liberal Democratic Party
The race to succeed Shigeru Ishiba, the outgoing president of Japan's Liberal Democratic Party (LDP) and the Japanese prime minister, is set to kick off officially on Monday. Two contenders have emerged in the competition: former economic security minister Sanae Takaichi and current agriculture minister Shinjiro Koizumi.
Takaichi, aged 64, announced her candidacy for the leadership race on September 19. In her campaign, she has expressed her intention to raise the minimum taxable income level during her tenure. To achieve this, she plans to design a refundable tax credit program that combines tax cuts and cash benefits.
On the other hand, Koizumi, aged 44, has not yet disclosed specific policies regarding the minimum taxable income level or refundable tax credit program. However, he is scheduled to hold a press conference in Tokyo on Saturday to explain his policies.
The main opposition party, the Constitutional Democratic Party of Japan, has already advocated for a refundable tax credit program. The Democratic Party for the People, another opposition party that supports increasing the minimum taxable income threshold, has also pushed for a hike in this level.
It is worth noting that the opposition parties have not announced their official stance on the LDP leadership race, nor have they announced their candidates for the race. The LDP leadership race is scheduled for October 4, and the opposition parties have not announced their candidates as of yet.
Takaichi's and Koizumi's policies differ from those proposed by the opposition parties. The opposition parties' policies are not specified in the article.
The current president of the Democratic Party for the People, the party that advocates for an increase in the minimum taxable income threshold, is not explicitly mentioned in the provided search results. However, the party was founded in 2018 by a former finance official supporting increasing net income through tax allowances.
The opposition parties have proposed policies that are different from those proposed by Takaichi and Koizumi. The specifics of these policies are not detailed in the article.
The race for the LDP leadership promises to be an interesting one, with Takaichi and Koizumi presenting different visions for Japan's future tax policies. The outcome of the race, scheduled for October 4, will undoubtedly have significant implications for the country's economic landscape.
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