The abolition of the wealth tax in Andalusia opened the ban. This week, the People’s Party has fully entered into a financial battle against the government and will use its autonomous communities as a counterbalance. Murcia has already announced that this Thursday will reduce personal income tax by 4.1% and sources in the national leadership of the party assure that “drip” PP governments cut taxes.
After the European Commission forced Nunez Feijoo to take over the windfall tax on energy companies, Genoa took steps. Andalusian President Juanma Moreno announced this Monday from Madrid, with the support of his party leadership and a broad representation of economic forces, that he will abolish the wealth tax. Moreno sought fame in the capital, and Feijoo gave it to him in search of a hit.
Calculated traverse within a PP traverse. Both the Andalusian president and the national leadership expected an avalanche of criticism from the left and doubled down. This Wednesday, the General Coordinator of the PP and a former adviser to the Presidium of the Andalusian Junta, Elijah Bendodo, urged the media to the Senate to make it clear that Moreno Bonilla’s decision is no exception. “We will continue to do this,” he assured.
Murcia “doubles the pulse”
A few hours later, the president of the region of Murcia confirmed the information provided by El Mundo newspaper and announced a 4.1% reduction in the regional personal income tax in the first four sections. In addition, his government is also exploring the possibility of following in the footsteps of Madrid and Andalusia and abolishing the wealth tax.
Feihoo encouraged a kind of competition between regional leaders, which can be seen in his speeches. Moreno Bonilla said he was abolishing the wealth tax to compete with the Community of Madrid and drag the richest to Andalusia, and now Fernando López Miras is showing “he’s doubling down on the financial boost” by claiming “the second biggest cut in personal income tax.” all communities.” They are second only to Madrid, which is looked down upon by all the presidents of the PP.
Castile and León is also preparing to copy the Ayuso model. Your Minister of Economy and Finance, Carlos Fernandez Caredoassured that “there will be time” to deal with the abolition of the wealth tax and that this will be done when “it can be done.”
Paradoxically, only Xunta de Galicia has distanced itself slightly from this strategy. your president, Alfonso Rueda, said after Moreno Bonilla’s statement that the Galician community would continue it “own way” in tax matters, although he did support the abolition of the wealth tax in Andalusia.
Nevertheless, the path outlined by Genoa is clear. Number three Feihoo pointed to the intentions of the PP, insisting that “no one should be surprised that the PP government is cutting taxes” because, in his words, “common sense obliges us.” He also said several times that “tax cuts are in PP’s DNA”.
In stark contrast to this statement, the truth is that it is the popular government that holds the record for tax increases. Mariano Rajoy raised taxes more than fifty times, thirty of them in the first year and a half of his mandate alone. He raised the VAT – from 18% to 21% – quadrupled the IRPF, raised the IBI twice, as well as the wealth tax. Rajoy and Montoro were responsible for the tax increases that affected the working class the most.
Insurance that the government will reduce personal income tax
Now the people’s recipe is radically different from the opposition. Feijoo started out as an antagonist to Pedro Sanchez, demanding lower VAT and lower personal income tax, and so far the government has taken it upon itself to reduce the VAT on gas and electricity. In the leadership of the PP, they have full confidence that the executive branch will also eventually approve income tax deflation.
With Murcia there will be three PP communities that have already taken the initiative in this regard and within their powers, but for the people, the Basque Country has come to the accelerator of regional pressure on the government. In Euskadi, the Socialist Party voted to reduce the personal income tax. Feiju called it “quirky place” and those around him say that Sanchez will “eventually copy it from us.”
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