Politics
Written by: Wu Yan'an
2019-12-05 18:07
Last updated: 2019-12-05 18:07The five members of the Legislative Council of the People's Democratic Alliance met today (5th) with the Financial Secretary, Chen Maobo. The party put forward a total of 178 proposals in 14 areas for the next fiscal budget. After the meeting, Lu Weiguo, chairman of the People's Livelihood Federation, was asked whether he would support all the people to send money. He believed that the budget should be used where it is needed most, and sending money is not the most practical.
Lu Weiguo pointed out that the government needs to introduce relief measures as soon as possible, and it will be meaningless to talk about relief at that time if the company goes bankrupt. (Photo by Yu Junliang)
Lin Jianfeng advocates the establishment of shop maintenance and wage subsidy programs
Lu Weiguo, Lin Jianfeng, Zhang Huafeng, Wu Yongjia and Liang Meifen met with Chen Maobo today. In terms of tax concessions, the People's Democratic Alliance stated that in the face of further economic downturns, in order to reduce the pressure on the middle class, the basic tax allowance was increased from 132,000 to 150,000 yuan, and the broadened tax band was widened from 50,000 yuan to 55,000 yuan. Child allowances and additional allowances for the year of birth of the children increased from 120,000 to 150,000 yuan, and a progressive arrangement was implemented for the grading of allowances for multiple children. The Pakatan Harapan also requested that the concession of 100% profits tax, salaries tax and personal income tax be maintained at a maximum of 40,000 yuan.
Lin Jianfeng, who is also a member of the Bank, mentioned the proposal of paying tax by installments. He hoped that Chen Maobo could decide and announce which companies can pay tax by installments before the tax bills were received. Lin Jianfeng also proposed to launch a shop maintenance and wage subsidy program to help businesses affected by recent riots to weather the crisis.
Liang Meifen pointed out that due to the coming of "economic storm", he believed that the government should put forward more "riot control" measures as soon as possible, and set up a "riot control committee" to invite people from all walks of life to put forward feasible suggestions for "riot control".
Lin Jianfeng proposed to launch a shop maintenance and salary subsidy program to help businesses affected by recent riots to weather the crisis. (Photo by Yu Junliang)
Wu Yongjia alleges that the Bill of Rights affects manufacturers
Mr. Wu Yongjia, member of the industry (2), said that the Sino-US trade war and the US Congress recently passed the "Hong Kong Human Rights and Democracy Act" have caused difficulties for manufacturers. With great influence, he urged the government to seek from the central government to assist port factories in a simple way to assist the factory to move to the China Industrial Parks already established in the countries along the Belt and Road. Wu Yongjia also suggested that the government establish an "Overseas Development Support Fund" to assist Hong Kong manufacturers in moving factories.
After the meeting, Lu Weiguo was asked whether he would support all the people to send money. He thought that the budget should be used where it is needed most, and sending money is not the most practical. Lu Weiguo also pointed out that the government needs to introduce a rescue policy as soon as possible. If a company goes bankrupt, it will not be meaningful to talk about relief then.
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