The following is the latest list of selected news summaries by Kyodo News.----------Gov't floats 40,000 yen income tax cut a year to ease inflation painTOKYO - The government is considering cutting income tax burdens by 40,000 yen ($268) a year while giving 70,000 yen to low-income and elderly households as part of inflation-relief measures, sources familiar with the plan said Tuesday.Prime Minister Fumio Kishida, who places priority on wealth redistribution, has instructed ruling coalition executives to work out details of the economic package that he hopes to formalize on Nov. 2, includin…READ FULL ARTICLE