The price of magical realism at the polls
The proposals from the political parties range from "massive" tax cuts and the "promise" of unlimited public spending.
Spain's recent election campaign has seen various proposals from parties on housing, taxation, and public spending. Alberto Núñez Feijóo suggested building 250,000 homes a year, creating 500,000-600,000 jobs, and proposed cuts to property transfer tax and VAT on housing. The PSOE approved housing measures via decrees, while Sumar advocated modifying investment fund taxation and limiting housing purchases by investors.
Vox proposed significant tax cuts, including a two-bracket IRPF with a €22,000 exemption and elimination of wealth and inheritance taxes. Critics argue these proposals defy empirical rationality and material constraints, exemplifying a phenomenon of "magical realism" in electoral promises.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
