On the 24th, Policy Committee Chair Jeong Jeom-sik of the People Power Party said, "The People Power Party will expand the monthly rent tax credit rate from the current 15% to more than 20% and broaden the threshold beyond the current standard of an annual total salary of 80 million won."
At a floor countermeasures meeting held at the National Assembly on the morning of the same day, Chair Jeong said, "The average monthly rent for apartments in Seoul has surpassed 1.5 million won, forcing an annual housing expense of 18 million won. Monthly rent has now become a structural burden that pressures the lives of the majority of the people," and stated accordingly.
Chair Jeong said, "Currently, the annual deduction limit for the monthly rent tax credit is 10 million won, and the tax credit rate is only 15%. Moreover, if the total annual salary exceeds 80 million won, you are excluded from eligibility altogether, and this gap between the system and reality stems from the government's policy failure."
He added, "The People Power Party will bring the monthly rent tax credit in line with reality," and said, "In addition to aligning the monthly rent tax credit with reality, we will establish a new plan to include maintenance fees as eligible for the tax credit."
He continued, "Monthly rent and maintenance fees have already exceeded their limits and become expenses that directly pressure people's lives," and said, "We must not pass on to the people, as is, the burden caused by the Lee Jae-myung administration's failure in real estate policy."