The CDS-PP states that interest on home loans should be deducted from the IRS this year.
The party led by Nuno Melo says it has defended the measure since April 2022 and accuses the government of António Costa of doing nothing “to help families in this fiscal issue”.
“As happened with the zero VAT on essential food products, which was adopted by the government just a year after it was championed by the CDS, the CDS is once again calling on the government to introduce the deduction of interest on home loans this year. to help Portuguese families increasingly strangled by the rise in housing costs”point to the centrists, in a statement sent to newsrooms.
The CDS-PP “Considers that the European Central Bank’s increase in the benchmark interest rate exacerbates the problems faced by Portuguese families as a result of high inflation, the interest rates they pay on loans and the excessive tax burden placed on family budgets by the Socialist government”.
Centrists point out that it is a “flanking contradiction” for António Costa to try “shifting the blame to the European Central Bank for the difficulties the Portuguese are experiencing and which it is reluctant to alleviate”He recalled that the Prime Minister “benefited from the ECB’s policy of keeping interest rates artificially low for six years.”
The party led by Nuno Melo even defends that the “The benefit coming from abroad partially compensated for the budgetary incompetence shown by António Costa by not reducing the total national debt” and that, if the “António Costa’s government had pursued a responsible policy to reduce public debt. Not only would its value be much lower today, but interest costs would have been much lower and Portugal would have been better prepared for the interest rate hike that will occur in 2022 began”.
“António Costa’s choice to think only about short-term interests and not to consider the possibility of thinking long-term means that in 2023 the Portuguese will still pay more than 7 billion euros in interest on the growing national debt. practice of reducing the tax burden on families, which in 2022 reached the highest value in the history of Portuguese democracy”releases the statement signed by the leader of the CDS-PP.
Source: DN
