Promises Go Out the Window as Spain Undertakes Huge Tax Increase Coupled With Biggest Budget Cut in History; Depression in Spain will Worsen
Courtesy of Google Translate, please consider Rajoy approves the biggest cut in history and a large tax increase
Everyone knew it. Above all, Mariano Rajoy , who had already pointed to the environment for months that the deficit would be 8%. Not counted in public, but privately the PP did not talk about something else. And yet, throughout the campaign, and the investiture debate, said the PP government would not raise taxes. But at the moment of truth, the vice president, Soraya Saenz de Santamaria , and Rajoy, who avoided appearing, announced the second largest tax increase in recent history of Spain. And the biggest cut in public spending of democracy in one fell swoop: 8,900 million euros.