The legislature may approve a Cabinet proposal to distribute consumer vouchers by Friday of next week at the earliest, the Chinese Nationalist Party (KMT) caucus said yesterday.
“If everything goes smoothly and the bill wins the support of the Democratic Progressive Party [DPP] caucus, we would pass the special legislation by Nov. 28 at the earliest,” KMT caucus secretary-general Chang Sho-wen (張碩文) said at a press conference.
Premier Liu Chao-shiuan (劉兆玄) announced on Tuesday the government’s plan to issue consumer vouchers valued at NT$3,600 to every citizen. By taking out loans equaling NT$82.9 billion (US$2.5 billion), the government is hoping to boost the nation’s economic growth next year by 0.64 percent.
Under the plan, by Lunar New Year on Jan. 24, Taiwanese nationals can claim the vouchers at their household registration offices by showing documents proving citizenship.
The expiration date of the vouchers will be Dec. 31 next year, while the face value of each voucher note has yet to be determined.
The vouchers can be used at any store with an official business registration, meaning vendors at night markets or traditional markets will not be able to accept the vouchers.
Liu said that the program does not exclude the wealthy because it is designed to “stimulate consumption to get the economy going” and “not to provide social assistance.”
In a bid to legitimize the policy, the Cabinet has to write a special piece of legislation for the program before requesting a special budget, as borrowing the funds conflicts with Article 23 of the Budget Law (預算法), which states that funds raised by loans must be used in capital investments, and Article 4 of the Public Debt Act (公共債務法), which places a debt ceiling on loans.
The bill will then have to be submitted to the legislature’s Procedure Committee before it can be put to preliminary review or to second and third reading.
The bill can skip a preliminary review if the legislature’s plenary session agrees.
Chang said the premier would be invited to report the details of the policy to the legislature after the special legislation is approved, while legislative committees would hold joint meetings to review the special budget requests intended for the vouchers.
If everything goes well, the legislature may approve the requests by as early as Dec. 12, Chang said.
Legislative Speaker Wang Jin-pyng (王金平) urged the Cabinet to address only the voucher policy in its special budget requests and to keep the focus of the requests simple.
Wang’s remarks came in response to the premier’s plan to also take out loans to increase investment in public works and to boost industries.
Wang urged both the KMT and the DPP to deal with the Cabinet’s special legislation and budget requests rationally.
In response, DPP caucus whip William Lai (賴清德) told a press conference that the government would spend between NT$8 billion and NT$10 billion printing the vouchers and sending them to recipients by mail.
If the government offered cash rather than vouchers, each person could receive NT$4,000 instead of just NT$3,600.
Lai said the government was trying to implement the DPP’s cash subsidy proposal, but to save face it was issuing vouchers rather than cash.
DPP Legislator Pan Meng-an (潘孟安) said that offering cash would reduce the cost of the program, boost monetary circulation and benefit vendors excluded by the voucher plan.
Also See: Lawmakers question voucher program
TECH EFFECT: While Chiayi County was the oldest region in the nation, Hsinchu county and city, home of the nation’s chip industry, were the youngest, the report showed Seven of the nation’s administrative regions, encompassing 57.2 percent of Taiwan’s townships and villages, became “super-aged societies” in June, the Ministry of the Interior said in its latest report. A region is considered super-aged if 20 percent of the population is aged 65 or older. The ministry report showed that Taiwan had 4,391,744 people aged 65 or older as of June, representing 18.76 percent of the total population and an increase of 1,024,425 people compared with August 2018. In June, the nation’s elderly dependency ratio was 27.3 senior citizens per 100 working-aged people, an increase of 7.39 people over August 2018, it said. That
‘UNITED FRONT’: The married couple allegedly produced talk show videos for platforms such as Facebook and YouTube to influence Taiwan’s politics A husband and wife affiliated with the China Unification Promotion Party (CUPP) were indicted yesterday for allegedly receiving NT$74 million (US$2.32 million) from China to make radio and digital media propaganda to promote the Chinese government’s political agenda and influence the outcome of Taiwan’s elections. Chang Meng-chung (張孟崇) and his wife, Hung Wen-ting (洪文婷), allegedly received a total of NT$74 million from China between 2021 and last year to promote candidates favored by Beijing, contravening the Anti-Infiltration Act (反滲透法) and election laws, the Chiayi District Prosecutors’ Office said. The couple acted as Beijing’s propaganda mouthpiece by disparaging Hong Kong democracy activists
EARLY ARRIVALS: The first sets of HIMARS purchased from the US arrived ahead of their scheduled delivery, with troops already training on the platforms, a source said The Ministry of National Defense (MND) yesterday said it spotted 35 Chinese military aircraft, including fighters and bombers, flying to the south of Taiwan proper on the way to exercises in the Pacific, a second consecutive day it has reported such activities. The Chinese Ministry of National Defense did not respond to a request for comment on the missions, reported just days before tomorrow’s US presidential election. The US is bound by law to provide Taiwan with the means to defend itself. Its arms sales to Taipei include a US$2 billion missile system announced last month. The MND said that from 9am yesterday,
A Control Yuan member yesterday said he would initiate an investigation into why the number of foreign nationals injured or killed in traffic incidents has nearly doubled in the past few years, and whether government agencies’ mechanisms were ineffective in ensuring road safety. Control Yuan member Yeh Ta-hua (葉大華) said in a news release that Taiwan has been described as a “living hell for pedestrians” and traffic safety has become an important national security issue. According to a National Audit Office report released last year, more than 780,000 foreign nationals were legally residing in Taiwan in 2019, which grew to more than