97 Trillion Won Tax Revenue Shortfall: Yoon Suk-yeol Administration's Fiscal Management Under Scrutiny

Im Miae: "Tax Cuts for the Wealthy and Overestimated Revenue Projections Are the Root Causes"

The fiscal policy continued over the three years of the Yoon Suk-yeol administration came under direct scrutiny during the National Assembly Budget and Accounts Special Committee's final accounts review.

The fiscal policy continued over three years of the Yoon Seokyeol administration came under direct scrutiny during the National Assembly Budget and Accounts Committee's final review. Im's office

On the 26th, Assemblywoman Im Miae of the Democratic Party (representing Uiseong, Cheongsong, Yeongdeok, and Uljin) stated, "The Yoon Suk-yeol administration is shifting all responsibility for the unprecedented tax revenue shortfall onto the economic downturn," adding, "The fundamental causes are tax cuts for the wealthy and intentionally overestimated revenue projections."

According to Assemblywoman Im, the cumulative tax revenue shortfall over the three years of the Yoon Suk-yeol administration amounts to a total of 97 trillion won. She pointed out, "While providing tax benefits to high-income earners and large corporations like a 'generous benefactor,' the government has established an unfair structure that collects taxes from the general public by even targeting tax blind spots."

In particular, while corporate income decreased by only 3%, corporate tax revenue fell by as much as 22%. Assemblywoman Im criticized, "A decrease in corporate tax revenue that is seven times greater than the actual decline in corporate income is a textbook example of tax cuts for the wealthy," and called it "an unreasonable fiscal management that only increases the burden on the public."

She also cited the taxation of support payments for fishermen who retire as an example. "It is simply unreasonable to tax subsidies paid by the government itself to encourage business closures. The government is lenient with tax cuts for large corporations, yet imposes taxes on support payments for ordinary citizens, which is a contradictory policy," she argued.

The attitude of the Board of Audit and Inspection also came under scrutiny. Assemblywoman Im emphasized, "While the Board of Audit and Inspection was relentless in auditing excess tax revenue during the Moon Jae-in administration, it has remained silent in the face of the Yoon Suk-yeol administration's tax revenue shortfall," adding, "The Board failed to fulfill its original function, being overly conscious of the administration."

Assemblywoman Im declared, "The public has borne the full brunt of mismanaged fiscal policy over the past three years," and stressed, "We must restore the broken revenue base and recover fairness in the tax burden. During the remaining settlement period, I will do my utmost to ensure that the people's taxes are used properly until the very end."

Im Miae, a member of the Democratic Party of Korea (Uiseong, Cheongsong, Yeongdeok, Uljin) and the Budget and Accounts Committee, is speaking during the National Assembly Budget and Accounts Special Committee's final accounts review. Office of Rep. Im

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