She separated her tax reduction plans from Liz Truss’s in Britain and described her “failure” because of the lack of measures to reduce spending.

MADRID, 3 (EUROPEAN PRESS)

PP’s Deputy Economic Secretary, Juan Bravo, has assured this Monday that he sees an invasion of power in the tax on huge wealth announced by the Government and that the autonomous communities governed by PP “will retain their power to the end” “that their citizens are not required to pay taxes on what they have collected.

“I know that (the central government) finds it difficult, but we have to start respecting power”, exclaimed Bravo, at a press conference from PP’s headquarters on Génova street in Madrid, arguing that “when they don’t do what you like, that doesn’t happen.” all you can do is attack the competition.”

“Because the minister (of Finance, María Jesús Montero), doesn’t like them doing it on their own,” added Bravo, remembering “The government should never have taken that path.”

However, ‘popular’ leaders have been waiting to verify the wording of the new tax – until now they only learned about it from his presentation at a press conference – to decide on the unconstitutional appeal and “see if their community can make that defense” on their power.

Likewise, he has defended that this new tax and other announced fiscal measures are a “reaction” to the decision by the Andalusian president, Juan Manuel Moreno Bonilla, to abolish the application of the Wealth Tax, and other successive announcements. community, partly regulated by the PSOE, up to the fiscal plan announced by the Government.

Thus, Bravo considers that the Government’s move will be equivalent to subsidies from autonomous communities to companies affected by the new tax on financial transactions and digital services – the so-called Tobin and Google tariffs, respectively–, in order to “neutralize” the competence of these States. .

GET OUT OF THE BIG DAY RIGHT WITH TAX ON THE RICH

The National PP Economic Management Deliberation was held following a meeting with the party-led public Treasury advisors, and other PP-led economic teams to analyze the fiscal measures announced by the central government.

In addition to “attacking the fiscal autonomy” of society, from the PP they understand that it is “improvisation” after the debate opened by Moreno Bonilla, leaving income above 21,000 euros per year and, therefore, they consider that “punishing the middle class”, and also “encourages capital outflows from Spain”.

As such, Bravo has assured that “there are many offices receiving calls” for the transfer of their tax residence abroad and that the request was initiated after the announcement of Andalusia “going to Portugal”.

Regarding the tax deductions included in the fiscal plan, he considered that the Treasury “came in badly, late and behind the scenes”, as measures such as raising the minimum exemption in personal income tax or adjusting modules would not go into effect until next. year.

Likewise, they criticize that the reduction in lower income is not progressive, as it presupposes much larger savings between 21,000 euros in income (a reduction of about 700 euros) and 14,000 euros (200 euros). “When someone improvises these things are possible,” he explained, calling for it to be extended to higher incomes, given that the Valencia Executive proposed an income adjustment of up to 60,000 euros.

THIS FIRST THAN TAX REDUCTION IN THE UK

Asked about the reversal of the ‘Torie’ government in Britain, which has proposed general tax cuts, also for high incomes, which has been crippled after the devaluation of the pound and the criticism it received, Bravo defended that it was a “very concrete situation” which he saw not comparable to the tax reduction proposed by the PP in Spain.

“What we and the UK are proposing is different, especially in spending,” he said, explaining criticism of Prime Minister Lizz Truss’ plans because “no effort was made in public spending” to balance the accounts.

Thus, Bravo has assured that the PP’s proposal is a tax reduction “wherever possible”, and that deflation of the personal income tax to adjust the brackets for inflation “doesn’t lower taxes, but doesn’t raise them”, while the new Tax on large wealth, far from increasing collections. , could mean a decrease of 5,000 million in collections according to the calculations of the Community of Madrid.

ADDITIONAL FUNDS EVEN TAX REDUCTION

Asked about the Andalusian president’s legitimacy to claim from the central government between 500 million and 1,000 million in water infrastructure after leaving the Wealth Tax collection, Bravo has assured that Moreno Bonilla “didn’t ask for anything that didn’t suit him or that he had not asked María Jesús Montero. for tax reform.

In this regard, he recalled that the Minister of Finance himself estimated that Andalusia should have an additional 4,000 million in financing, although no reforms were carried out in this regard, but nevertheless Moreno Bonilla recognized the rights of the Valencian Community. and Murcia to receive these additional funds first.

Regarding the abolition of the water canon in Andalusia, Bravo also justified this action by stating that he would prefer to stop collecting it “to help companies and families”, and that its implementation also does not imply greater service, since the previous socialist government left. the remaining 600 million, he said, were not executed in the water infrastructure.