Ruling Party Proposes to Democratic Party, "Let's Discuss Pension Reform in the Ruling-Opposition Council and Tax System Restructuring"

"Democratic Party, No More Probing and Retreating"
"Purpose of Fastening the First Button... Will Watch the Attitude"

Choo Kyung-ho, the floor leader of the People Power Party, proposed to the Democratic Party of Korea the formation of a working-level meeting for a ruling-opposition-government consultative body on pension reform and discussions on tax system reform.

Chu Kyung-ho, floor leader of the People Power Party, is speaking at the floor strategy meeting held at the National Assembly on the 16th. Photo by Hyunmin Kim kimhyun81@

At the floor leaders' meeting held at the National Assembly on the 16th, Floor Leader Choo said, "If it is to handle livelihood-related bills, the People Power Party can agree on the legislative schedule and hold a plenary session even today," adding, "If it is about tax reforms such as the comprehensive real estate tax reform and the postponement of the financial investment income tax (Geumtu tax) proposed by former leader Lee Jae-myung, or the pension reform issue that former leader Lee urged during the 21st National Assembly, we are willing to start discussions for bipartisan agreement immediately."

Floor Leader Choo said, "We propose to immediately start discussions on tax reforms such as the comprehensive real estate tax reform and the postponement of the Geumtu tax," and "We also propose to begin working-level meetings to form a ruling-opposition-government consultative body on pension reform." During the 21st National Assembly, the ruling and opposition parties formed a special committee on pension reform and negotiated until the final stages over the income replacement rate and contribution rate, but ultimately failed to reach an agreement. Floor Leader Choo had proposed to the Democratic Party the formation of a 'ruling-opposition-government consultative body on pension reform' before the end of the 21st National Assembly, but there was no response.

He added, "However, we cannot agree to legislative schedule agreements that unilaterally push through laws that encourage illegal strikes, laws for the Democratic Party's control over public broadcasting, or the Lee Jae-myung shield law," emphasizing, "Bills for the Democratic Party's party interests are neither for the livelihood of the people nor for the nation."

After the meeting, Floor Leader Choo told reporters, "The Democratic Party's floor leader and former leader Lee raised that issue," and explained, "There should not be a situation where they keep testing the waters with hit-and-run tactics or raising false alarms. Since it is a task for the livelihood of the people, I spoke with the intention of actively discussing it together and putting the first button on it." He added, "We will observe what attitude the Democratic Party takes."

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