Executive Yuan Refuses to Countersign KMT-TPP Children and Youth Future Account Act
Taiwan's executive and legislative branches are on a collision course, with Premier Cho Jung-tai refusing to sign the children and youth savings account bill pushed by the opposition parties — meaning that for families with children, the subsidy scheme is stalled for the near term.
- The Executive Yuan argues that the bill allows corporate sponsorship and lets the public top up their own savings, with larger deposits yielding larger payouts, which in the end will only make the wealthy wealthier.
- The tax exemption for corporate sponsorship written into the bill does not clearly specify who qualifies or under what conditions, which the Executive Yuan says violates the principle of taxation by law.
- The Executive Yuan maintains that budgeting is its own authority, and that the Legislative Yuan forcing a single subsidy bill to the front of the queue would disrupt the 18 childcare support measures already planned.
- The Cabinet's own package will proceed as usual: NT$5,000 per month for children aged 0 to 18, 6+3 parental leave, maternity leave extended to 12 weeks, and 1:1 matched savings for disadvantaged families.
- On the same day, Lai Ching-te also announced a universal cash handout of NT$10,000 next year; KMT legislators criticised it as too stingy and called for NT$20,000 instead.
Outlook: The refusal to countersign effectively throws the dispute back to the Legislative Yuan and to the constitutional level. The ruling and opposition camps are expected to keep wrangling, and universal cash handouts and childcare subsidies will become a main battleground ahead of the 2028 election.