Yoon Seok-yeol: "Excess Tax Revenue Is Not the Ruling Party's 'Election Fund'... It Should Be Used for Small Business Compensation"

Yoon Seok-yeol, the presidential candidate of the People Power Party, is attending an event hosted by a media company held on the 18th in Mapo-gu, Seoul. Photo by the National Assembly Press Photographers Group

[Asia Economy Reporter Hyunju Lee] Yoon Seok-yeol, the presidential candidate of the People Power Party, criticized on the 18th, saying, "The excess tax revenue is not the ruling party's election fund."

On the same day, Yoon posted on his Facebook, "The excess tax revenue compared to the second supplementary budget this year is estimated to be about 19 trillion won. The Ministry of Economy and Finance did not predict it accurately," but added, "It is even more regrettable to see the Democratic Party trying to use the 19 trillion won excess tax revenue as election funds like petty cash." This was a criticism in response to the Democratic Party and presidential candidate Lee Jae-myung's claim that the 19 trillion won excess tax revenue should be used for "nationwide disaster relief funds (quarantine support funds)."

He said, "I am not suggesting that the collected taxes should just be piled up without reason," and added, "As the Ministry of Economy and Finance claims, the excess tax revenue should be used to support small business owners' loss compensation and industries excluded from loss compensation." He continued, "The excess tax revenue is the hard-earned blood tax paid by the people despite difficult economic conditions," emphasizing, "I am appalled by the idea of using the blood tax as election funds." He also said, "The Democratic Party, which is threatening by invoking a state audit of the Ministry of Economy and Finance under the pretext of this issue and ultimately trying to enforce Lee Jae-myung's election pledges, can no longer be considered a legitimate political party."

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