Joo Ho-young: "No Progress on Budget Bill... Doubtful It Will Be Passed by the 15th"

‘Cutback Proposal’ Directed at the Democratic Party: “Is This the True Face of the Main Opposition?”
“Lee Jae-myung’s ‘Tax Cut Plan for the Common People’ Is Like Nolbu’s ‘Breaking the Swallow’s Leg’ Mentality”

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Hyun-ji] Joo Ho-young, floor leader of the People Power Party, predicted on the 13th that it is uncertain whether the ruling and opposition parties will be able to process next year’s budget bill by the deadline of the 15th.

After the floor strategy meeting held at the National Assembly that day, Joo told reporters, “We are making efforts regarding the budget bill, but opinions are sharply divided, and the Democratic Party of Korea shows no intention to compromise, so there has been no progress,” adding, “Without a change in (the Democratic Party’s) perception, we are doubtful whether the budget bill will pass by the 15th (the negotiation deadline).”

He pointed out, “The 2023 budget is the first budget that reveals the Yoon Seok-yeol administration’s policies, but (the Democratic Party) refuses to agree, cuts essential budgets, and is forcing budgets that are unnecessary and should not be allocated that way,” and said, “The Democratic Party is pressuring us by submitting a revised bill that cuts 1.8 trillion won from the government’s original proposal and pushing for its passage. Is the National Assembly and the main opposition party’s true face to completely prevent important projects of the new government?”

Regarding the ‘tax reduction plan for the common people’ proposed by Lee Jae-myung, leader of the Democratic Party, on the 11th, he criticized, “They have steadily raised taxes over the past five years and refused demands to cut taxes, so it is ridiculous to call lowering taxes a tax reduction for the common people,” adding, “It is no different from Nolbu breaking the sparrow’s leg and then treating it, pretending to have done a good deed.”

At the meeting, he said, “(The Democratic Party) was the administration that bombarded 1.23 million people with comprehensive real estate taxes due to failed real estate policies,” and urged, “Stop obstructing the government by holding the budget hostage immediately, and cooperate so that the government can properly and promptly implement policies in this economic crisis and that budgets for the common people and struggling businesses are executed immediately.”

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