The Aragonese president joins other socialist regional governments, such as Valencia or Castilla-La Mancha, which also lowered the Income Tax, contravening the Moncloa and Ferraz directive
The president of Aragon, Javier Lambán, announced this Friday an “update of direct taxation”, a tax reform that wants to be “balanced”, “structural”, as opposed to emergency measures such as “deflation” or that are not progressive , as he explained during the 2022 General Policy Debate. He also defended that it is a balanced tax reform and that it distributes efforts equitably, asking for a greater contribution from those who have the most and that it adapts to the growth opportunities of its autonomous community .
Specifically, the Aragonese president announced a reduction in the regional personal income tax rate for income of up to 50,000 euros, the effects of which will also be felt by those with incomes of up to 90,000 euros. From that figure, taxpayers will have to face a higher payment.
According to the calculations communicated by Lambán, the measure will benefit 720,000 taxpayers, 99% of the total. Those who will pay more taxes, those who receive income of more than 90,000 euros, will be around 6,000.
These measures are joined by another, also announced this morning by Lambán: the extension of the reductions that apply to donations in favor of the spouse and children, including those that go to the purchase of the first habitual residence.
The Aragonese tax reform also includes measures to promote entrepreneurship and business initiative, to favor, for example, business reinvestment and generational change.
In exchange, Lambán anticipated that the already existing environmental imposition will be tightened, to which will be added the creation of a new tax figure, still under study, on the visual and landscape impact of renewable installations.
The Lambán socialist government joins other regional executives commanded by the PSOE who announced tax cuts in contravention of the slogans of both Moncloa and Ferraz. The most striking was the case of the Valencian Ximo Puig, who at the end of September announced the reduction of personal income tax for income below 60,000 euros. The president of Castilla-La Mancha, also a socialist Emiliano García-Page, announced in early October a reduction in Income Tax for taxpayers with incomes of up to 30,000 euros. The president of Extremadura, Guillermo Fernández Vara, distanced himself from the tax reductions and opted for an intense reduction in rates and public prices.
These measures followed those taken by communities governed by the PP, such as Andalusia, Murcia or Madrid, where they applied tax reductions that not only reached Income Tax, but were also applied to Wealth Tax, so that in the Andalusian community will be subsidized 100%, as is already the case in Madrid. These autonomies and the Popular Party put a lot of pressure on the Central Government to lower taxes and help families cope with high inflation in this way.
In addition, in the Basque Country and Navarra, deflating the Income Tax was advocated.
The Ministry of Finance also announced its own tax measures for the lowest incomes that will come into force with the General State Budget for 2023: the increase in the reduction for work income from 18,000 to 21,000 euros and the increase in the minimum of taxation from 14,000 to 15,000 euros. In return, the tax on capital income between 200,000 and 300,000 euros was raised by one point and two points for capital income above 300,000 euros.
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