The Deputy Secretary of Economy and Sustainable Development of the Popular Party (PP), Alberto Nadal, has warned about the deterioration of the purchasing power of Spanish families given the recent increase in the Consumer Price Index (CPI), and has pointed out that the measures adopted by the Government are “insufficient”.
According to Nadal, the increase in the CPI “exacerbates the accumulated price increase, which greatly harms families and further aggravates their purchasing power”. In this context, he has reaffirmed the urgency of applying the income tax reduction for families, especially those with children, one of the fiscal proposals that the PP has presented to alleviate economic pressure on households.
The popular deputy has criticized the aid decree recently approved by the Executive, which although it incorporates some proposals from the PP on the tax reduction on energy, “it lacks two fundamental measures: a reduction of the personal income tax for families and reversing the nuclear shutdown to strengthen the energy system”. Nadal has stressed that the current rise in energy prices, intensified by the international conflict, “aggravates the situation of the purchasing power and the real income of families, whose spending capacity has not kept pace with inflation and taxes”.
"The families, the great forgotten ones"
Nadal has also denounced what he considers an “ideological and interventionist” economic policy by the Government, which prioritizes the increase in public spending and propagandistic policies over the well-being of citizens. “Families are the great forgotten and sacrificed of Sanchismo. The data confirm that the PP's measures to update the personal income tax (IRPF) and reduce energy taxes are the correct ones, because the deterioration comes from much further back,” he has stated.
The popular leader has explained that the growth of Spanish GDP has been based on the increase in population and spending, instead of on solid investments, savings, competitiveness and productivity, factors he considers essential for sustainable long-term growth. Likewise, he has questioned the capacity of the Government of Pedro Sánchez to promote deep economic reforms and effective legislative policies, calling the recent changes in the Executive a "continuation".
Nadal concluded by highlighting that, faced with the lack of general budgets and a paralyzed Parliament, the PP has presented structural fiscal proposals that benefit all taxpayers and alleviate the tax burden on gasoline, electricity, gas, and butane, seeking to effectively protect Spanish families from inflation.