President Lee Jae-myung will hold a dinner at the Blue House on November 11 with Kim Min-seok, the leader of the Democratic Party, and Han Byeong-do, the party's floor leader. The meeting is expected to address differences between the government and the party regarding the comprehensive real estate tax (종부세).
According to political sources, President Lee will be joined by Im Kwang-hyun, the Chief of Staff, Choi In-ho, the Senior Secretary for Political Affairs, Kim Tae-sun, the Chief of Staff for the party leader, and Cheon Jun-ho, the Deputy Floor Leader. This dinner marks the first meeting since Kim was elected as party leader on August 25, 78 days ago.
Particularly, discussions are anticipated to focus on the comprehensive real estate tax. The government proposal submitted to the National Assembly includes a 'residential preference' policy, setting the basic deduction for homeowners at 140 million won for residents and 120 million won for non-residents. However, there is increasing demand within the Democratic Party, especially among lawmakers from the metropolitan area, to unify the basic deduction for homeowners at 140 million won, regardless of residency status. Nonetheless, it is reported that the Blue House is reluctant to accept changes to these criteria.
Additionally, discussions are expected to cover the special prosecutor law regarding wrongful prosecutions and the national assembly investigation related to Chief Justice Cho Hee-dae.
* This article has been translated by AI.
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