Economy
PS proposes to offset ISP and zero VAT cuts by suspending IRC reduction and ending moderate rent incentives
The Socialist Party (PS) will propose a temporary reduction in the ISP (petroleum tax) and a zero-VAT policy on essential food items as part of its amendments to the 2027 State Budget. To fund these measures, the party proposes halting the planned one-percentage-point decrease in the IRC (corporate tax) and repealing tax incentives for 'moderate rent' housing (up to 2,300 euros).
Why it matters
These are proposals that could influence fuel and grocery costs, as well as the housing market, if adopted during the 2027 State Budget vote.Useful?
