Although the State Council promulgated the 4 trillion mainly focused on stimulating investment in fixed assets through the "public demand" for consumers, however, they are more concerned about how to stimulate the "personal demand", such as in particular to reduce personal income tax. A few days ago, the attitude of 8 investigation of the personal income tax net has done a survey conducted by a network in just two days a total of 1347 netizens participated in the survey, of which 9 users into believe that the personal income tax threshold should be raised.
     The experts have told reporters that at present, the lower the personal income tax is more embodied in the protection of people's livelihood, economic stimulus is very limited, in order to really stimulate the economy, plans to double the establishment of national income seems to be more feasible.

     A tax reduction to stimulate consumption and the limited role

     In the voice of the tax cut, the largest concentration of the subject reflected in the reduction of personal income tax to stimulate the economy. As a tax reduction to stimulate consumption is the most direct factor.

     But China and the United States compared the difference between personal income tax, the reporter found that although the United States tested the way of tax cuts to stimulate the economy, the role of China would not be so great.

     In the United States, the United States of a federal tax to 46% of total revenue, while the Americans a higher marginal propensity to consume, the lower the tax rate by one percentage point, the total would be great.

     China's personal income tax levied last year, 318,400,000,000, as a whole accounts for only 7% of tax revenue. Renmin University of China Head of the Department of Financial Qing Zhu told reporters that even if no personal income tax levy, to stimulating domestic demand but there is no much, because there is a propensity to consume, residents tend to focus our savings rather than consumption.

     Academy of Social Sciences, finance and trade by Yang Zhiyong told reporters that the reduction in personal income tax on the current China is a lower-cost policy options. "Chinese personal income tax accounted for a lower proportion of tax revenue, tax cuts for stimulating the economy can not be too much.'s Personal income tax cut more to improve people's livelihood, in order to lay the foundation for future development. Tax cuts will lead to personal income tax scale First drop, but will eventually expand. Wait until a larger share of the personal income tax, personal income tax is in the macro-economic stability and give full play to its role of automatic stabilizer time. "

Called for the establishment of national income doubling plan

     Shenyin Wanguo, said analyst Li Huiyong, in the present circumstances, there are several ways to increase consumer support. He said that through the increase in low-income subsidies, the abolition of tax on interest income, increased personal income tax threshold to avoid price increases on the consumer's adverse effects, as well as offset the slowdown in revenue growth of disposable income of residents, in order to expand Consumption.

     In order to achieve macroeconomic stability, stimulate consumption, and called on Yang Zhiyong, China should have its own plan to double national income.

     Reporters learned that in 1960, Japan announced the implementation of the Ikeda Cabinet, "plans to double national income," the Japanese launched a consumer revolution, has become a turning point in Japan's economic take-off. The results of the implementation of the scheme is that in 1967, the Japanese real national income has doubled, and a variety of household durable goods color TV sets, refrigerators, washing machines, vacuum cleaners, microwave ovens, water heater, stereo, etc. rate of over 90%.

     Said Yang Zhiyong, China can set up their own plans to double the national income.

     China's enterprises are independent of the operating entity, the Government can not interfere with the business decision-making wages. Yang Zhiyong, but suggested that the Government by raising the wages of civil servants, on the whole of society has driven wage growth effect, so as to promote the whole society's rising wage levels. In general, our civil service wages are not high income levels, so that civil service pay rise for civil servants with access to human resources commensurate with the level of income, not just improve the system requirements, and the civil service through the wage level of the whole society-led income levels To improve in order to promote domestic demand.

     He also suggested that tax cuts are a means to promote domestic demand, but more important is to establish a series of security system, so that the residents dared to consumption.