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New Komeito wins pension debate.
(From The Yomiuri Shimbun/Daily Yomiuri)
New Komeito wins pension debate
Yomiuri
The Liberal Democratic Party was forced to accept coalition partner New Komeito's policy of financing the public pension system by trimming fixed-rate income tax cuts introduced in 1999 during the debate over a pension reform plan that was decided by the ruling parties Wednesday.
New Komeito reportedly was adamant in its demands over pension reform as a result of its cooperation with the LDP in the Nov. 9 House of Representatives election and its agreement to the dispatch of Self-Defense Forces personnel to Iraq.
Some LDP members voiced strong dissatisfaction over the decision, saying the trimming of the fixed-rate income tax cuts would disadvantage many salaried workers. …
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