Jung Jeom-sik, the floor leader of the People Power Party, urged the Democratic Party and the Blue House on November 13 to present measures to address the ongoing rental crisis.
During a policy meeting at the National Assembly, Jung criticized the Democratic Party's "property tax rebellion show," stating, "It ended in four days, a predictable conclusion for an insincere political performance."
He pointed out that Democratic Party leader Kim Min-seok had suggested maintaining the party's basic principles regarding property tax exemptions during a recent YouTube broadcast, while also noting that discussions on property tax were absent during a previous dinner with President Lee Jae-myung. Jung remarked, "It is pitiful to see a puppet party leader in such a position."
Jung emphasized that the ruling party should have demanded a change in the government's lukewarm stance on strengthening the mandatory residence requirement through land transaction permits, tightening regulations on rental loans, and revitalizing reconstruction and redevelopment efforts. He criticized the party's opposition to only part of the tax reform plan as an insincere political stunt aimed at the upcoming elections.
He warned the Democratic Party, saying, "The taxes paid by the public are more important than your elections," and added that treating taxpayer money as a tool for election-related political performances would lead to severe judgment from taxpayers.
Lim Yi-ja, the chair of the policy committee, also called for a complete withdrawal of the tax reform plan and a fundamental reassessment of real estate policies. Lim stated, "The economic policies of the Lee Jae-myung administration and the Democratic Party are heading in the wrong direction, trying to control all issues solely through regulations and taxes, ignoring market principles. Look at real estate. The loan regulations and tax burdens have exacerbated the rental crisis by locking up rental properties."
During a policy meeting at the National Assembly, Jung criticized the Democratic Party's "property tax rebellion show," stating, "It ended in four days, a predictable conclusion for an insincere political performance."
He pointed out that Democratic Party leader Kim Min-seok had suggested maintaining the party's basic principles regarding property tax exemptions during a recent YouTube broadcast, while also noting that discussions on property tax were absent during a previous dinner with President Lee Jae-myung. Jung remarked, "It is pitiful to see a puppet party leader in such a position."
Jung emphasized that the ruling party should have demanded a change in the government's lukewarm stance on strengthening the mandatory residence requirement through land transaction permits, tightening regulations on rental loans, and revitalizing reconstruction and redevelopment efforts. He criticized the party's opposition to only part of the tax reform plan as an insincere political stunt aimed at the upcoming elections.
He warned the Democratic Party, saying, "The taxes paid by the public are more important than your elections," and added that treating taxpayer money as a tool for election-related political performances would lead to severe judgment from taxpayers.
Lim Yi-ja, the chair of the policy committee, also called for a complete withdrawal of the tax reform plan and a fundamental reassessment of real estate policies. Lim stated, "The economic policies of the Lee Jae-myung administration and the Democratic Party are heading in the wrong direction, trying to control all issues solely through regulations and taxes, ignoring market principles. Look at real estate. The loan regulations and tax burdens have exacerbated the rental crisis by locking up rental properties."
* This article has been translated by AI.
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