The PP has made the economy its great flag to win the elections. The cooling of the main indicators and fears of a new European crisis have put the focus of the pre-campaign in the pockets of the Spanish. In that context, Pablo Casado wants to exploit the management campaign of the 'popular', with a new economic team with government "experience" and a marked liberal inclination.

This group is made up of the former president of the CNMV and former Minister of the Environment Elvira Rodríguez; the former Minister of Agriculture and Deputy Secretary of the PP, Isabel García Tejerina; the economic spokesman of the PP in the Congress, Mario Garcés; and the secretary of Economy of the party, the economist Daniel Lacalle.

That team has a fundamental objective: to avoid the crisis with a drop in all taxes, "to return their own money to the Spanish and inject 16,000 million euros into the economy." "If you do not act against the slowdown, of course it can become a crisis. We must recover supply policies and reduce taxation to create jobs, encourage investments and strengthen the technological revolution," they point out in Genoa.

But not only that. The PP have such a lack of confidence in the acting Executive of the PSOE, that they already have a new hidden deficit, like the one they found when they came to power at the end of 2011. "We do not know the deficit what we are going to find and I worries. There are delays in payments and maybe bills in the drawer, "sources of the PP economic team have assured in a meeting with the press at the national headquarters of the party, in Madrid.

"Even the European Commission says that it is impossible to square the deficit by raising both spending on electoral issues and raising taxes so much," Pablo Casado emphasized in a pre-election event in Palma de Mallorca. Hence the fear of the 'popular' that there is some budget 'engineering'.

Mariano Rajoy discovered, as soon as he arrived in La Moncloa, that the public deficit (the negative difference between income and state expenditure) was much higher than the one recognized. The Community statistical office, Eurostat, certified in 2012 that the budget hole deviated 2.5 points from the target agreed by Zapatero with the EU (6%) and amounted to 8.5% of GDP. That is, about 25,000 million euros were "hidden", as reported by the PP. And that money, like the one destined to more interests of the debt "is detracted from health, education, social policies", they add.

That is why Genoa believes that the effects of a larger than expected deficit can be lethal if interest rates rise. "The imbalance of the accounts produced a sharp increase in debt and that is not killing us for the sole reason that interest is minimal," the sources point out. "When we arrived at the Government, Spain was funded at 7%. Now, almost free."

In this context, the main axis of the PP's economic program is the reduction of taxes, as a counterpart to the debt. Pablo Casado has underlined the idea in an act in Palma de Mallorca: "Lowering taxes has always revived the economy," he said. His program is the antithesis of the socialist, which involves "unemployment, waste and taxes," he emphasized.

The PP proposes to lower the IRPF below 40%, the Corporation Tax to less than 20% and eliminate Patrimony, Successions and Donations, among other rebates. In addition, it promises a tax reduction and contributions to the self-employed. Active retirement would be extended to 100% of this group of self-employed workers.

It is also urged to lower the taxation of savings, so that each person can deduct up to 8,000 euros a year from the mortgage, if they are saving for retirement. Likewise, the PP wants to rethink the spirit of the Beckham Law. "We will enhance the attraction of talent to our country, facilitating access to visas and work permits in Spain, advancing in the framework of the mobility promotion measures of the 2013 Entrepreneurs Act, for highly qualified professionals, researchers, investors , etc. ", says the program.

However, the economic team does not detail specific tax cuts to attract talent. "Reducing taxes is enough tax incentive to attract talent, and we will reduce obstacles and expedite obstacle reduction," the leaders justify.

In addition to the tax cut, the PP puts the focus on employment, maintaining and reinforcing the labor reform. In the national direction of the party they do not spare praise to Fátima Báñez for his "great" labor reform. "The reason that Spain breaks the paradigm of only creating employment after growing 2% is thanks to labor reform," they underline. "We propose policies in terms of employment growth," prioritizing "the adaptation of collective agreements to the needs of companies," they influence. "And we are going to put a limit on fraudulent temporary hiring. A legal regime will be established," they said.

Another big bet of the PP are pensions. "We agree to revalue pensions with the CPI, but putting the focus there is only an irresponsibility of the first order. The problem is much greater," said the economic sources. "The public pension system must be preserved. Making it private cannot be done, and it is good that it remains public and that the pensions endure," the 'popular' have stopped, as opposed to Vox, 'which wants to charge the Covenant of Toledo because he says he is 'red' or 'social democrat', "they affect.

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  • PP
  • Pablo Casado
  • Spain
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  • European Comission
  • Fatima Báñez
  • Personal income tax
  • Isabel Garcia Tejerina
  • Mariano Rajoy
  • General elections

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