Jin Sung-jun, chairman of the Democratic Party of Korea's Policy Council, said on the 17th that the government's livelihood recovery consumer coupons are not subject to taxation, dismissing opposition claims that the government and the ruling party are considering taxing the consumer coupons. He also noted that they are reviewing plans to expand credit card income deductions.
Chairman Jin said at a policy coordination meeting held at the National Assembly that, "The People Power Party, which said 'we don't need 250,000 won,' is once again distorting facts with baseless conjecture."
Earlier, on the 15th, Kim Jeong-jae, chairman of the People Power Party's Policy Council, claimed, "The Lee Jae-myung administration is said to be considering income tax on livelihood support funds and the sunset clause for credit card income deductions."
In response, Chairman Jin emphasized, "While there have been suggestions regarding the taxation of consumer coupons in the context of enhancing equity, the party clearly states that there are no plans to do so." He added, "Livelihood recovery consumer coupons are not subject to taxation, just like the COVID disaster support funds were."
He also stated, "There has been no review of the sunset clause for credit card income deductions." Chairman Jin mentioned, "At a time when promoting spending and supporting income are more urgent than ever, the sunset clause for credit card income deductions is a measure that runs counter to that," adding, "The Democratic Party is in fact reviewing plans to expand income deductions."