The Democratic Party released the "Financial Budget" proposal today (7th), proposing to distribute 15,000 yuan in cash or consumer coupons, which are also applicable to people under the age of 18, and can be used to pay for water, electricity, coal and other expenses.
They proposed that the artificial island project in the central waters with a budget of up to 600 billion yuan (that is, Lantau Tomorrow) should be terminated immediately, and vigorously promote the northern metropolitan area, advocating an appointment of 150 billion yuan for large-scale land acquisition in the New Territories.
The Democratic Party has proposed a number of relief measures, including distributing 15,000 yuan in cash or consumer coupons to all people, including those under the age of 18, which can be used to pay expenses such as water, electricity and coal.
Reduce salaries tax and personal assessment tax, with a ceiling of 20,000 yuan.
A quarterly ceiling of $1,500 will be reduced for self-occupied properties.
Tax exemption for public housing for 1 month, comprehensive relief and public welfare payments for 1 month more.
Subsidize electricity bills to all households in Hong Kong.
In addition, it is also recommended to provide dental allowances to the elderly and those in need, to provide a one-off special allowance to frontline staff such as nursing home staff, cleaners, and security guards, and to issue a one-time "long-term new crown medical allowance" to those diagnosed with the new crown.
Advocate the increase of profits tax for enterprises with profits of more than 10 million yuan
At the same time, the Democratic Party proposed to increase the profit tax rate for profits of 10 million yuan or more to 17% or 18% to increase revenue.
The Democratic Party believes that the pace of Hong Kong's economic recovery may be quite slow, and proposes to terminate the "Lantau Tomorrow" plan and focus on promoting the development of the northern metropolitan area.
The party believes that the government should announce the budget and detailed planning of the northern metropolitan area as soon as possible, and set aside 150 billion yuan to set up a "land recovery fund". Using the land recovery regulations, large-scale recovery of brownfields in the New Territories and nearly 1,000 acres of farmland by developers will be used. As a source of land for public housing and transitional housing.
In terms of urban renewal, the Democratic Party also proposed to set aside 150 billion yuan to support the Urban Renewal Authority to subsidize affected citizens, and to support the Urban Renewal Authority to build subsidized sale houses such as first-time buyers.
They also believe that it is not cost-effective to build simple public housing that only lasts for 5 years at a price higher than the construction cost of public housing.
The Democratic Party also proposed to study the regularization of the public transport fare subsidy program, establish a regular unemployment assistance fund, speed up the implementation of mandatory provident fund hedging, and provide gerontech subsidies to the grassroots elderly.
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