PCP wants to create 10th IRS tax bracket and raise specific deduction to 5672 euros

The Communist Party (PCP) has announced proposed amendments to the 2027 State Budget, including a new 56% IRS tax bracket for incomes above 250,000 euros and raising the specific income deduction to 5,672 euros (up from 4,587.09 euros). The party is also proposing to mandate the inclusion of all income sources for tax purposes above 89,995 euros, reduce VAT on essential goods to 6%, and increase corporate taxes. These proposals are subject to discussion and voting in the parliamentary committee stage.