BackThe Kuomintang group proposes "returning taxes to the people", Lai Zhongqiang criticizes: Feng Shui chickens, bandits and robbers
The Kuomintang group proposes "returning taxes to the people", Lai Zhongqiang criticizes: Feng Shui chickens, bandits and robbers
Politics
自由时报37 minutes agoPolitics2 min readChinaView original

The Kuomintang group proposes "returning taxes to the people", Lai Zhongqiang criticizes: Feng Shui chickens, bandits and robbers

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In response to the Kuomintang group's push to "repay taxes to the people" and distribute 20,000 yuan in cash, lawyer Lai Zhongqiang criticized the move as a "feng shui chicken" and accused the misappropriation of labor pension and pension funds and other funds to distribute cash to be like "bandits and robbers." He called on the central government's financial resources to prioritize improving medical treatment and health insurance finance.

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Why It Matters

The Kuomintang group lists "returning taxes to the people" as a priority bill in the new session and advocates amending the budget law and making cash universal.

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During the new session of the Legislative Yuan, the Kuomintang League has listed "repaying taxes to the people" as a priority bill. General Councilor Fu Kunqi has advocated completing the "universal distribution of 20,000 yuan" before the end of this year. The amount of the general distribution next year will be determined based on the economic growth rate. The Kuomintang League also proposed to amend the "Budget Law" to require that if the tax exceeds a certain threshold, a universal cash payment should be made. Lawyer Lai Zhongqiang said today (3rd) that before the end of this year, Fu Kunqi will pay a year-end bonus. The Kuomintang has not yet taken power, so it will help the ruling party paint a bigger pie. This is just a Feng Shui chicken.

Lai Zhongqiang said that the equity owners of the labor retirement fund should be workers who can claim retirement pensions now and in the future; the equity owners of the retirement pension fund should be military, public, and religious teachers or their family members who can claim retirement pensions; and the equity owners of postal savings funds should be post office depositors. He criticized, "Fu Kunqi used the money to distribute cash. To put it nicely, he borrowed flowers to offer Buddha. To put it bluntly, he was a bandit."

Fu Kunqi said that the tax overtax this year is expected to exceed 1 trillion yuan, 40% of which is enough for the "general distribution of 20,000 yuan." Lai Zhongqiang bluntly said that this is simply talking nonsense and misleading the people. How much money is left over in 2026, or how much the actual tax collection exceeds the budget, cannot be determined until the 2026 final accounts are prepared in accordance with the law in February 2027. Fu Kunqi has not yet finished this year, he will pay a year-end bonus; he has not yet taken office, he has to help the ruling party paint the pie, which is just a Feng Shui chicken.

As for the Kuomintang group, they advocate that the central government should bear the health insurance premiums for those over 65 years old on the premise of eliminating the rich. Lai Zhongqiang pointed out that the financial soundness of the national health insurance needs to be strengthened, and the treatment of medical staff and patient care need to be improved. If the scope of free health insurance for the elderly is to be expanded, each county and city should measure its own financial resources and use additional local taxes to coordinate and allocate tax payments. If the central government has sufficient financial resources, it should be used first to improve medical treatment and nurse-to-patient ratio, and to maintain or increase the scope of health insurance benefits, such as drugs for rare diseases, rather than reducing health insurance premiums for wealthy seniors.

Open Questions

  • What is the actual amount of excess tax and how it is distributed?
  • Will the government adopt the KMT group's suggestions for amending the law?

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This article was originally published by 自由时报.

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