Kim Ki-hyun: "If the government agrees to tax payment deferral, I will hold them accountable"

Emergency Press Conference Held on the Afternoon of the 17th

Kim Ki-hyun, floor leader of the People Power Party, held an emergency press conference at the National Assembly on the afternoon of the 17th, pointing out the ruling party's pressure on the government's excess tax revenue, stating, "Repayment of national bonds according to the National Finance Act should take priority." (Photo by Yonhap News)

[Asia Economy Reporters Hyunju Lee and Boryeong Geum] Kim Ki-hyun, the floor leader of the People Power Party, stated on the 17th that regarding the Democratic Party's push for 'deferral of excess tax payment,' "If the government agrees, we will hold them accountable for crimes such as loss of state treasury, breach of duty, and neglect of duty." The Democratic Party is considering a plan to defer this year's excess tax revenue to next year to secure funds, following Lee Jae-myung, the Democratic Party's presidential candidate, advocating for nationwide disaster relief payments.

At an emergency press conference held at the National Assembly that day, Floor Leader Kim said, "Why defer the payment of comprehensive real estate tax when you say you won't cut taxes for the wealthy?" He added, "Moreover, it does not meet the deferral requirements under the National Tax Collection Act, and it is not just impossible under current law, but outright illegal."

He continued, "If the Ministry of Economy and Finance pretends to oppose the ruling party moderately and then surrenders, I solemnly warn that they will bear heavy legal and political responsibilities," emphasizing, "Our party will definitely hold them legally accountable and will certainly take legal action."

Deputy Floor Leader Choo Kyung-ho pointed out, "Just because there is excess tax revenue does not mean the debt has disappeared; it only means it has decreased," and added, "If tax revenue comes in more than the government initially expected, instead of thinking about other things, focus on urgently supporting small business owners and self-employed individuals facing difficulties."

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