KORLet us take a look at the political reactions to the latest tax reform proposals. The People Power Party strongly criticized the measures, claiming they ultimately amount to collecting more taxes. Meanwhile, the Democratic Party has yet to release an official stance, appearing to carefully gauge public opinion.
Reporting by Park Chan-beom.
The People Power Party harshly dismissed the government's tax reform package as the "worst in history," arguing that it only increases the total tax burden on citizens.
Leader Jang Dong-hyeok called it "tax extortion that takes back money already distributed," while People Power Party members of the National Assembly's Strategy and Finance Committee labeled it a "tax reform of harsh exploitation," using a term that signifies the cruel plundering of the people's wealth.
[Bae Jun-young / People Power Party Secretary of the Strategy and Finance Committee: The government, which is collecting the largest surplus tax revenue in history thanks to the semiconductor boom, actually plans to extract another 3.4 trillion won in taxpayer money. In short, it is a 'shut up and pay taxes' approach.]
The People Power Party argued that strengthening the comprehensive real estate holding tax on multiple homeowners and non-resident single homeowners will cause the most severe side effects, leading to the tax burden being passed on to tenants and resulting in higher jeonse and monthly rent prices.
In particular, they asserted that including non-resident single homeowners in the targets for heavier comprehensive real estate taxes suppresses even the freedom of single-home owners to relocate.
---
The Democratic Party did not release a separate official commentary today (August 3), when the reform plan was announced, but its floor leadership is scheduled to state its position tomorrow.
A Democratic Party leadership official told SBS, "As tax reform is a sensitive issue, we are carefully discussing our official stance today."
It appears they are organizing their position while observing public sentiment trends regarding the reform package.
[Kang Jun-hyun / Senior Spokesperson for the Democratic Party: The party leadership has decided to focus on closely examining people's livelihoods, the asset market, and real estate, and preparing alternatives.]
Both ruling and opposition parties are on high alert, recognizing that the direction of public sentiment regarding this real estate tax reform is a critical variable not only for political hegemony but also for upcoming elections.
(Video reporting: Lee Seung-hwan, Shin Dong-hwan | Video editing: Lee Seung-hee)
※ Please note: This article was translated by AI and may contain errors.
Video News
