Nadal (PP): "The first thing we will do if we govern is an initial reduction in income tax."

BarcelonaThe first measure the People's Party (PP) will take if it governs in Spain will be a "first tax reform" focused on recovering the income tax increase due to inflation in recent years. This is what the PP's Deputy Secretary for Economic Affairs, Alberto Nadal, stated at a luncheon organized by PIMEC in Barcelona. The other immediate initiative would be "to repeal the legal measures that hinder the rental market, as well as certain environmental and labor regulations." Referring to the policies advocated by Elon Musk in the US and Javier Milei in Argentina, Nadal, who served as Budget Secretary under Prime Minister Mariano Rajoy, asserted that "chainsaws don't exist, but files do." He also stated that when the PP was in power, it increased public spending at a rate lower than the economy's growth, thus "creating room to lower taxes."

During his initial remarks after being introduced by the president of Pimec, Antoni Cañete, and later during the question and answer session, he also defended the reduction of bureaucracy. "We don't want administrative simplification, but rather deregulation, the elimination of barriers," he stated.

Nadal, who garnered audience support when advocating for tax cuts and deregulation, but less so when he was less specific regarding regional funding, stated that one of the objectives should be "to improve the financial and fiscal profitability of investments." He also called for a tax policy aimed at demonstrating that "studying and working are worthwhile." In his view, with the current coalition government between the Socialists and Sumar, "the incentives not to work are stronger than those that encourage work." He cited the Minimum Living Income (IMV) and other overlapping benefits as examples.

The PP's Deputy Secretary for Economic Affairs stated that the priority should not only be wealth redistribution, but prosperity, and putting an end to the message that "working is little more than increasing the employer's profit." He praised the labor reform carried out by the PP in 2012, which, he declared, "turned us into a little Germany, with the adjustment of real wages to productivity." All of this, he implied, has changed under the current administration.

Defense of nuclear power

In addition to advocating for an energy transition policy that includes all sources, including nuclear, he championed the application of technology to public administrations "to reduce costs and ensure a faster response." Regarding trains and roads, he noted that, should the People's Party (PP) come to power in Spain, it would no longer have access to European funds and, therefore, would have to "work with the private sector" to develop a major infrastructure plan.