Chen Yixin, chairman of the Kuomintang Cultural Affairs Bureau, criticized Executive Director Zhuo Rongtai's remarks that "debt cannot be left to the next generation", which confuses right and wrong.

Chen Yixin, chairman of the Kuomintang Cultural Communication Committee. (File photo)

Executive President Zhuo Rongtai opposed the Kuomintang's call for a universal cash payment of 20,000 yuan, arguing that "debt cannot be left to the next generation." Chen Yixin, chairman of the KMT's Cultural Affairs Bureau, criticized Zhuo Rongtai for talking nonsense. The KMT advocated a universal cash payment of 20,000 yuan, and the source of the money was the over-taxation this year. It was not raising money through debt at all. On the contrary, Lai Ching-tak's government will allocate NT$235.7 billion for the general distribution of NT$10,000 next year, and at the same time raise new debt of NT$179 billion to repay old debts. "Zhuo Rongtai said that paying taxes to the people is a debt for future generations, which is simply confusing right and wrong."

Chen Yixin said that based on current estimates, the tax overtax this year may exceed 1 trillion yuan, which is enough to serve as an important financial source for the general distribution of 20,000 yuan. The Kuomintang's proposition is very simple, that is, "exceed taxes and return taxes to the people." The government collects more money from the people, takes into account necessary expenditures and fiscal discipline, and then returns part of the results to the people. How can the government "leave debt to one generation"?

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Chen Yixin pointed out that the person who really needs to answer the question of "debt leaves a generation behind" is Zhuo Rongtai himself. The Executive Yuan has earmarked NT$235.7 billion for the general distribution of NT$10,000 next year, but it has also earmarked NT$179 billion for debt repayments, and this money will be financed by borrowing NT$179 billion in new debt. To put it bluntly, it means "raising new debts and paying off old debts" while discovering cash. The principal of the debt does not disappear at all.

Chen Yixin criticized that the DPP was playing with two sets of standards again, relying on the government to issue 10,000 yuan in general while raising new debts to pay off old debts, which is called "AI dividends shared by all." The Kuomintang used excessive taxes to return to the people, but Zhuo Rongtai labeled them as "leaving debt to one generation." He clearly borrowed new debt to repay old debts, but in turn accused the Kuomintang of leaving behind debts for future generations. On the first day of the meeting, Zhuo Rongtai confuses right and wrong and confuses financial resources. He is basically deceiving the people.

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