In 2015, the Park Geun-hye administration implemented a tax reform that increased taxes for the upper class. The Democratic Party, traditionally seen as a tax-raising party, was expected to push for bold tax reform under the Moon Jae-in administration but fell short of expectations. Recently, Representative Lee Jae-myung, once a strong advocate for tax increases, has shifted his stance towards tax cuts, raising questions about the Democratic Party’s transformation into a tax-cutting party.
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Auto-posted at: 2025-03-12 21:03:22