Feijóo commits to implementing nine saving measures and tax benefits for young people

Alberto Núñez Feijóo has devoted his second campaign event together with Nuevas Generaciones to the economic problems of young people, with nine cost-saving measures and tax advantages aimed at making it easier for them to enter the labor market, the creation of companies, the training of families, and access to housing.

Accompanied by Isabel Díaz Ayuso and the president of Nuevas Generaciones of Madrid, Ignacio Dancausa, the PP candidate for the Presidency of the Government, has promised that the young people who leave Spain will do so by their own choice and not due to lack of opportunities.

The meeting, held this Friday at the Zenit space in Madrid, lasted for almost an hour and a half. Feijóo specified four economic commitments: the exemption from IRPF during the first year of work, followed by deductions progressively smaller during the next three tax years; the elimination of the self-employed contribution during the first year of activity and its bonus in certain hiring situations; the increase of tax deductions for children and free nursery schools.

Although he did not develop the proposals on housing during his intervention, the PP electoral program includes five other tax advantages for young buyers and renters.

Four priorities for young people: employment, housing, companies and family

The first proposal affects salary directly. Feijóo has committed himself to ensuring that young people who access their first job do not pay IRPF during the first year of work. The reduction would continue during the next three tax years, with deductions of 75%, 50%, and 25%, respectively. This reduction is aimed at workers and self-employed people between 18 and 35 years old during their first four tax years

The PP president has defended that this tax reduction would make it possible to have an initial savings capacity and to allocate part of the salary to buying a home, the creation of a business, or the training of a family. As he has explained, his intention is for young people to be able to start working without part of their first income being allocated to the income tax.

For those who choose self-employment, he has announced the elimination of the self-employed contribution during the first year of activity. In addition, he has proposed a 50% reduction of that contribution during the first year for those who hire a worker.

The third block of commitments is aimed at families. Feijóo has promised to increase tax deductions for children, to promote more flexible working hours for parents, and to move toward free attendance at nursery schools through cooperation between the central Government and the autonomous communities.

The housing completes the four priorities that the popular candidate has listed. Specifically, in the program, whose presentation was covered by DEMÓCRATA, the following measures appear: a reduction in VAT from 10% to 4% for under-40s who buy their first new home, a cut in the Transfer Tax for the purchase of used homes, 20% deductions for savings earmarked for buying a house, the tax exemption for the returns from that savings, and deductions in the IRPF for renting the habitual residence.

To these measures, public guarantees of up to 20% of the home’s value are added to make it easier to access a mortgage.

Feijóo asks young people to rebel against resignation

During the event with young people, the popular candidate described the difficulties of a generation that, despite having been educated, finds obstacles in accessing a job that would allow it to save, buy a home, or develop its personal project.

"There are many young people resigning themselves to live worse, having been prepared for a future that does not arrive", he said, before reproaching the Government for holding them responsible for their economic problems because of their consumer habits.

Feijóo has rejected the aid that he considers insufficient to resolve those difficulties and has defended a policy that allows “to be young, find a good job, access housing” and develop a life project.

He also had words for Miguel and Daniel, two PP members assaulted in Baracaldo, to whom he expressed his support and assured that his party will respond to violence through the ballot boxes.

In the final stretch, he appealed to young people to take part in the elections of 29 November and asked for the vote for the PP. "I’m not going to let you down", he assured, after acknowledging the dismay of part of Spanish society and mentioning the victims of railway accidents.

Ayuso asserts Madrid as a land of opportunities and attacks socialism

The president of the Community of Madrid, Isabel Díaz Ayuso, has focused a large part of her address on defending individual freedom, effort, and personal responsibility, against what she has described as an attempt by the left to impose a single way of thinking.

Ayuso has warned that communism is reappearing in new forms and has accused her political opponents of using culture, education, and audiovisual platforms to spread their ideas.

"The evils of the twentieth century are happening again with a new communism that seemed to have been eradicated", she said. In her view, these currents seek to create a "group consciousness that nullifies personal freedom, effort, and individual responsibility."

The Madrid leader has also defended the open character of Madrid, a community that, as she has highlighted, receives people from other regions of Spain and from countries such as Venezuela and Colombia. She has claimed her political and economic model as an alternative for those who want to develop their professional career or start a business project.

On an internal level, she has defended the plurality of the PP and the coexistence of different sensibilities within a common project. "Yes, in the PP there are many sensibilities. And thank goodness", she said, before insisting that the party must take advantage of the abilities of its members.

How she incorporated Ignacio Dancausa into Nuevas Generaciones

One of the passages of his speech has been dedicated to Ignacio Dancausa, president of Nuevas Generaciones of Madrid, and today national president, whom she has presented as an example of the profile of young people he wants to incorporate into the Partido Popular.

Ayuso has related that, when the time came to choose the person responsible for the Madrid youth organization, they looked at Dancausa for his activity in the public university and for his willingness to defend his political positions.

"He didn't look for us to ask for a position. We were the ones", the Madrid president has explained, who has recalled how the young man had faced situations of ideological confrontation in the university sphere.

The popular leader has taken advantage of that account to insist that she does not want Nuevas Generaciones to become an organization dedicated to providing positions to its members. Her objective, she has explained, is for young people to participate actively in the party and assume responsibilities based on their capability and commitment.

Ignacio Dancausa calls for a generation that wants to become independent and work in Spain

Without resorting to a written speech, Ignacio Dancausa has developed an intervention focused on housing, employment, industry, and political coexistence. The president of Nuevas Generaciones of Madrid has linked the economic difficulties of his generation with the need to recover job and business opportunities in Spain.

"Young people have to become independent without ruining ourselves", he said, before calling for a greater construction of homes and defending the goal of building a million new households.

He has also advocated for boosting reindustrialization, attracting data centers, and favoring the installation of companies and factories, with the purpose of expanding employment opportunities for young people.

"In Feijóo's Spain we commit ourselves to the idea that the young people who leave do so because they want to, not because they haven't found opportunities here", he has defended.

Dancausa has devoted another part of his address to political coexistence and has rejected violence against those who defend different ideas. He has expressly mentioned the two Popular Party militants who were assaulted in Baracaldo and has called for zero tolerance in the face of this type of incident.

The youth leader has also defended an immigration policy linked to the needs of the labor market and the capacity of public services, in addition to calling for greater industrial investment and an improvement in infrastructure.

At the close of his speech, he appealed to unity among Spaniards with different political views and has claimed the spirit of concord of the Transition. "Young people do not want a divided Spain; we want to tear down walls; we want concord," he said.

Dancausa has asked his generation to take part in the elections on November 29 and has defended that Feijóo should head the next Government.