The Popular Party is committed in its electoral program to recover the tax incentive for the purchase of the first home, in addition to continuing to deepen its policy of reducing taxes on real estate, economic activities, inheritance and donations, heritage, constructions, facilities and works . Likewise, it ensures that it will continue to deflate the Personal Income Tax (IRPF) wherever it governs after May 28.
In its electoral program, released this Sunday after the presentation act carried out by the opposition leader, Alberto Núñez Feijóo in Guadalajara, the PP assures that people know better than anyone what to spend their money on and that is why they lower taxes “whenever possible” despite being “necessary” to sustain public services.
In general, and whenever possible, the PP declares itself in favor of strengthening tax exemption policies, always prioritizing the groups that need it most, over subsidy policies. “We are very clear on taxes: low taxes represent an incentive for the recovery and strengthening of economic activity, as well as for the generation of employment,” underlines Feijóo’s party.
For this reason, the PP assures that it will “continue betting on tax reductions” wherever it governs after the regional and municipal elections on May 28. “We will reduce the tax burden always within a framework of budgetary stability and sustainable public accounts, with special attention to the effects that price increases have produced on the purchasing power of the most vulnerable and the middle classes, as well as on competitiveness of our companies”, the tax section of the program is exposed.
Specifically, the PP undertakes to continue with the reduction of the real estate tax progressively. “We will also promote the application of environmental bonuses for those properties in which charging points for electric vehicles or systems for the use of solar energy and energy efficiency actions have been installed”, he assures.
In addition, the main opposition party recalls that the autonomous communities governed by the Popular Party have been the first to apply personal income tax deflation, and promises to continue doing so “as soon as the legal possibility exists, thinking above all of average incomes and low”.
The PP also talks about the municipal tax on mechanically-tracted vehicles to ensure that it will encourage the application of bonuses by type of fuel and characteristics of the engines and their impact on the environment, thus contributing, in addition, to the objectives of quality improvement of the air in our cities.
Regarding the economic activities tax, the PP says that it will reduce the situation coefficient and that it will establish bonuses for companies that start the exercise of any business activity, both for companies with losses and for those that increase the average number of their workforce with an indefinite contract.
Likewise, in order to promote environmental sustainability, the PP says that it will apply discounts on this tax for those activities that install systems for the use of renewable energy, implement transportation plans for their employees or install charging points for electric vehicles.
In order to encourage economic activity and job creation, the tax on construction, installations and works will also be reduced. Likewise, the PP promises to advance in the reduction of the inheritance tax and donations between direct relatives, as well as in the wealth tax.
When talking about fiscal policy, the PP emphasizes that it is an ally to improve access to housing for Spaniards. For this reason, he remarks that he will continue “betting on reducing the tax burden that falls on real estate” wherever he governs after the regional and municipal elections of the next 28-M.
“The tax incentives will be directed mainly to the rental of housing for young people, the purchase of the first home and the promotion of efficient rehabilitation. On the other hand, we will reduce municipal taxes and fees in the promotion of new subsidized housing”, exposes the PP in this document of electoral commitments.
Likewise, the formation led by Feijóo also promises to continue promoting “tax benefits” and financial aid for large families, given their “special contribution”. “We recognize the special contribution of large families and we promise to continue strengthening support for them from the institutions, both from the point of view of financial aid and tax benefits.”
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