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Rubalcaba Promises Tax Increases

Source: EL Mundo - Mon 5th Sep 2011

The ruling PSOE party's electoral candidate in the coming November general elections gave an interview earlier today, indicating how his proposals for tax increases would net the country some 2.5 billion euros.

Alfredo Perez Rubalcaba did not give any specific details as to how this tax would be applied, but he did confirm that they would be focussed primarily on Banks and on the wealthy, and that the resulting revenue would be use to create jobs for the young.

Unemployment in Spain's 16 to 25 year old age group currently stands at 44% - the worst in Eurozone by some considerable margin.

A public opinion poll published by El Mundo newspaper over this last weekend demonstrated how the opposition Partido Popular has a nearly 15-point lead over the Socialists PSOE ahead of the Nov. 20 election, with a margin of error of just 3 points.

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