In response to Sheng Songcheng's proposal to raise the personal tax threshold to 8,000 yuan/month, Luo Zhiheng, chief economist of Guangdong Development Securities, released a research report arguing that the move is open to discussion. Luo Zhiheng proposed that from the perspective of boosting consumption, the scale would be extremely limited; this would result in fewer people covered by personal tax, directly weakening the income distribution function of personal tax regulation; people whose income can still reach 8,000-10,000 yuan after deducting the five insurances and one fund are not low-income groups in the traditional sense of the word; limited bullets should be used effectively, such as providing subsidies to low- and middle-income groups.

In response to Sheng Songcheng's proposal to raise the personal tax threshold to 8,000 yuan/month, Luo Zhiheng, chief economist of Guangdong Development Securities, released a research report arguing that the move is open to discussion. Luo Zhiheng proposed that from the perspective of boosting consumption, the scale would be extremely limited; this would result in fewer people covered by personal tax, directly weakening the income distribution function of personal tax regulation; people whose income can still reach 8,000-10,000 yuan after deducting the five insurances and one fund are not low-income groups in the traditional sense of the word; limited bullets should be used effectively, such as providing subsidies to low- and middle-income groups.