Confusion over postponement of Lee Jae-myung’s conclusion
Pro-Myung lawmakers suggest that “we must hurry to discuss the party”
Concerned with opposition from implementation advocates inside and outside the party
On the 27th, the Democratic Party of Korea decided to hold a general meeting of lawmakers next week at the earliest to decide on the party’s views on financial investment income tax (gold investment tax). As confusion arose over whether to implement the gold investment tax, which will be introduced from January next year, as planned, and public criticism arose, they changed their original policy of deciding the party line after the October 16 by-elections and decided to hasten the process. In this process, it was confirmed that a number of key figures from the pro-Myung (pro-Lee Jae-myung) faction conveyed their opinion to Representative Lee Jae-myung, saying, “We need to quickly decide on the party line regarding the gold investment tax.” Representative Lee is known to have actually been encouraged by the postponement of the gold investment tax, but he appears to be pondering the conclusion considering that the opposition from implementation advocates is stronger than expected.
Democratic Party Spokesperson Hwang Jeong-ah met with reporters after the Supreme Committee meeting at the National Assembly that day and said, “After holding another general meeting of lawmakers on the gold investment tax next week, there will be a quick resolution of the party’s position on direction and conclusions.” He added, “There were many opinions that it would be better to come to a conclusion quickly because the worst thing about stock market uncertainty is to prolong uncertainty.”
It is analyzed that the decision of the party leadership to advance the decision on the gold investment tax was due to the suggestion by a number of key figures in the pro-Myung faction that “since public opinion, especially among stock investors, is not favorable, the party policy on the gold investment tax must be hastened.”
It is known that a key pro-Myung faction lawmaker also reported to Representative Lee on this day, “The longer we delay the conclusion, the more negative public opinion will grow, so it would be better to decide on the party’s position as soon as possible.” Another key figure in the pro-Myung faction said, “The leader has already decided on a direction to postpone the gold investment tax, but it seems like the process is taking too long.” He added, “As the party’s position is in trouble by dragging its feet on something that is nothing, I suggest that Representative Lee also quickly decide on a party line.” “It’s in one state,” he said. Rep. Seong-ho Jeong, the pro-Myung faction leader, recently publicly stated that “the gold investment tax should be abolished,” leaving the door open for Representative Lee to decide on his party’s stance on the postponement of the gold investment tax.
According to key Democratic Party officials, Representative Lee was also said to be in fact leaning towards the postponement of the gold investment tax. However, Representative Lee is mulling over a decision until the very end as there are many voices inside and outside the party advocating for implementation, saying, “Taxes should be immediately levied where there is income.”
An official from the pro-Myung faction said, “I know there are many opinions that the party should decide quickly, but there are more people who have the will to implement it than expected.” He said, “I am worried because it could give the (Jae-Myung Lee) group an excuse to rally together.”
Reporter Dabin Yoon [email protected]
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2024-09-29 04:44:14