2024-07-25 22:37:40
People Power Party leader Han Dong-hoon and former Democratic Party leader Lee Jae-myung clashed over the financial investment income tax (financial investment tax) scheduled to be implemented next year, with the two parties arguing over whether to “abolish” or “relax” it. Han told the Democratic Party, “Let’s prioritize the abolition of the financial investment tax and other policies that are most urgent for people’s livelihoods.” The day before, Lee argued, “Let’s implement the financial investment tax, but raise the tax-free limit from 50 million won to 100 million won per year.” With the launch of the “Han Dong-hoon leadership,” the ruling and opposition parties are expected to compete fiercely for leadership over policy issues such as the reorganization of the financial investment tax.
At the first Supreme Council meeting held that day, Representative Han mentioned the results of a public opinion poll and said, “Even in this extremely divided camp structure, 34.6% of people are in favor of implementing the gold investment tax right away next year, while 43.2% are against it.” He added, “I tell both the Democratic Party and the Fatherland Innovation Party to follow the public sentiment and pursue politics for the people’s livelihood.” Last month, the People Power Party proposed a bill to abolish the gold investment tax as a party platform.
The former representative said in the party leadership debate the previous day, “Let’s exempt those who earn around 500 million won (through investment) over five years from taxes,” and “If we abolish the entire (investment tax), high-income earners will lose taxes, so let’s tax them as they are but make these adjustments.” The former representative added, “Taxation is a means of securing national funds, not a means of punishing individuals,” and “We should acknowledge the backlash against it.” Within the party, there is analysis that this is an extension of the moderate expansion strategy.
However, there are voices opposing the deferral of the gold investment tax within the Democratic Party, calling it a “tax cut policy for the rich.” Democratic Party candidate Kim Du-kwan said in the same debate, “I do not agree with doing that in our party, which represents the middle class and the common people.”
Reporter Cho Kwon-hyung [email protected]
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2024-07-25 22:37:40