Yeo "If ultra-rich tax cuts are withdrawn, living budget increased, and illegal budgets withdrawn, the budget bill will be processed within the legal deadline"

Lee Jae-myung "Cannot Understand the Ruling Party's Boycott of Budget Deliberations"

Lee Jae-myung, leader of the Democratic Party of Korea, is attending the on-site Supreme Council meeting held at Seongdong-gu Office in Seoul on the 30th, and is talking with Park Hong-geun, floor leader, during the meeting. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Naju-seok] Park Hong-geun, the floor leader of the Democratic Party of Korea, said on the 30th that if he receives a clear commitment regarding the withdrawal of ultra-rich tax cuts, an increase in the livelihood budget, and the withdrawal of illegal budgets based on unlawful enforcement ordinances related to next year's budget bill, he would "work overnight to process the budget bill within the legal deadline."

At the Democratic Party's Supreme Council meeting held at Seongdong-gu Office in Seoul on the same day, Floor Leader Park introduced, "The legal deadline for processing next year's budget bill is just two days away, but the government and ruling party are refusing and delaying the budget review, making it difficult to process within the legal deadline."

He continued, "I have never seen the government and ruling party act so irresponsibly in reviewing and negotiating the budget by causing such obstruction," and said, "The Democratic Party will never tolerate the government and ruling party's neglect of the people and disregard for livelihood."

Floor Leader Park reaffirmed the Democratic Party's position on the budget bill.

He said, "The ultra-rich tax cut policy exceeding 60 trillion won during the Yoon Seok-yeol administration is a policy that goes against the times," adding, "In the face of the perfect storm of complex crises, the government's ultra-rich tax cut policy is anachronistic and should be immediately abolished."

He added, "The livelihood budget, which is essential to protect the lives of the people, must be increased as much as possible," and said, "The abolition of the basic pension couple combined deduction that discriminates even when elderly couples live together, livelihood recovery support for vulnerable small and medium-sized borrowers struggling in the high-interest era, support for issuing local love gift certificates, a form of local currency that helps local small business owners, support for jobs for the elderly and youth, and expansion of public rental housing supply essential for low-income and housing-vulnerable groups are all necessary national budgets."

Furthermore, he said, "Illegal budgets based on unlawful enforcement ordinances must be withdrawn," and added, "The government claims to have maximized expenditure restructuring due to financial difficulties, but budgets related to the privatization of prosecution and police power and the transfer of the Communications Security Support Agency have been actively reflected. The people's livelihood comes before presidential power. Related budgets must be boldly cut."

Lee Jae-myung, the leader of the Democratic Party, also said, "It is hard to find a sense of responsibility from the government and ruling party," adding, "Livelihood is worsening, and the economic situation is deteriorating, yet the government and ruling party have decided to boycott the budget review. This is incomprehensible." He continued, "The budget is an area for which the government and ruling party must take responsibility," and said, "The attitude of choosing either the original bill or a provisional budget is never desirable." He added, "The Democratic Party will surely find possible alternatives."

This content was produced with the assistance of AI translation services.