Sat. Apr 20th, 2019

This is Vox's economic program

This is Vox's economic program


Vox already has an economic program for the next elections of the 28th of April. The party chaired by Santiago Abascal intends to carry out a Massive cut in public spending of 24,236 million euros, of which 16,236 million would come from an adjustment in the Central Administration of the State in autonomous organizations and in the Social Security, while the remaining 8,000 million would come from a cut in the spending of the autonomous communities and local corporations. To compensate for this cut, it foresees a revenue increase of 5,000 million euros, 0.5% of GDP for 2019, and 3,000 million (0.3%) for 2020, although it does not explain the recipe to achieve it.

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In his program he points out that a transformation is necessary to reduce the weight of the State in the economy and in society until reaching the "Golden Ratio", with a contribution via expenditure and income never exceeding 35% of GDP. Among other measures, Vox considers the elimination of high positions and non-employment, the recovery of a replacement rate not higher than 50%, a fit in the public template and the dismissal of officials in the autonomous communities that they have increased strongly the public employment in the last year and would eliminate the aid to political parties, employer organizations and union.

In relation to corporate tax, proposes a nominal rate of 22%, same for all companies regardless of its size. In this way, the reduced rate of 15% for newly created entities would be eliminated, the 10% for the returns of non-profit organizations, the 20% for cooperatives and the increased rate of 30% for entities of credit and those dedicated to exploration, research and exploitation of hydrocarbons. As for the IRPF, Vox wants homogenize the types by sections, so that the rents below 60,000 euros tax 22%, while above this figure do it at 30%. In addition, it proposes the elimination of most deductions of a technical nature to "achieve greater fiscal neutrality".

The training ensures that it would make a "deep and broad reform" in the labor sphere with which would unify severance pay for all 20-day contracts, up to a maximum of 12 monthsand would place the company agreements over national, sectoral and territorial agreements. It proposes that employers and workers can individually agree on contracts and agree on remuneration and working conditions, as well as eliminate the ultraactivity clauses and establish a insertion salary for the first job of children under 24 years of age.

About the pensions, is in favor of a mixed capitalization model, at 50%, with individual accounts in which the worker would "save" half of his salary and the State would contribute to the other half. Those under 25 years of age would have the obligation to benefit from the new mixed system, those between 25 and 45 years old could choose and those over 45 would continue within the current pension system.

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