Joo Ho-young Criticizes Lee Jae-myung for Being Obsessed with Unionist Thinking... Proposes 'Tax Cut for Ordinary People' Plan

"Talking About Tax Cuts but Not Lowering Corporate Tax"
Targeting Lee Leader's Policy on 'Local Currency'

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Hyun-ji] On the 11th, Joo Ho-young, floor leader of the People Power Party, commented on Lee Jae-myung, leader of the Democratic Party of Korea’s proposal for a ‘tax reduction plan for the common people’ related to next year’s budget, saying, “It seems he is only fixated on a labor union mindset.”

After attending a rally condemning the forced passage of the motion to dismiss Minister of the Interior and Safety Lee Sang-min at the National Assembly that day, Joo told reporters, “(The Democratic Party) talks about tax cuts but does not actually lower corporate tax,” adding this. He also rebutted, “When corporations make profits, dividends go to shareholders who own corporate stocks, and some of it goes to employees.”

At a party meeting that day, Lee proposed, “Let’s create additional tax reduction plans that would help the livelihoods of ordinary people.”

Targeting the ‘Jae-myung Lee-style policy’ of local love gift certificates (local currency), Joo said, “Local love gift certificates are said to have an effect when issued in one region, but once issued nationwide, they have no effect. They are also said to have no effect on increasing sales for small business owners or small and medium-sized enterprises,” and pointed out, “This was produced by their own government research institute when they were in power.”

Regarding budget negotiations, he said, “It is not easy to narrow differences through consultation,” and added, “We have approached as much as we can, so now a decision is needed.”

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