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The left-wing bloc presents 10 proposals to protect wages from inflation

Perry Shepard by Perry Shepard
May 14, 2022
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The left-wing bloc presents 10 proposals to protect wages from inflation
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At a press conference, BE Deputy Mariana Murtagua outlined more than 100 proposals to change the party to the state budget for 2022 (OE2022), whose deadline ends today, in five key areas: responding to inflation, combating fraud and tax abuse, and reducing policy Income and poverty, protection of public services, in particular social networking services, housing security and climate protection.

To combat the effects of inflation and protect the purchasing power of households, BE offers through 10 measures, bearing in mind that this is the “inevitable and unavoidable budget topic”.

“By choosing not to update salaries, social support, or even IRS levels, the government has made a choice: not to control prices, not to tax companies that profit in an unusual way from inflation and the crisis and to move to full-cost wages of the inflationary crisis we are going through.” The government is lying to the promises that have been made,” he charged.

The hardliners propose an “alternative policy” because they say they do not accept that “poverty is the only possible response to inflation”, the first proposal being a tax on extraordinary profits, which embodies a proposal by the OECD, the International Monetary Fund or the European Commission.

The measure designed by BE provides “creation of an exceptional rate of 25% on the portion of taxable income for the second half of 2021 that exceeds by 10% the taxable income calculated in the same period in the previous year”, which applies to companies with earnings greater than 1.5 million Euro and operates in the energy and food distribution sectors.

The blockers also want to reduce the value-added tax on electricity and natural gas to 6%, as well as a moderate increase in the national minimum wage, which will be 30 euros, due to 4% inflation, which will take effect in June.

For civil servants, the BE requires a minimum increase of 4%, consistent with the rate of inflation, and also suggests updating the IRS schedules to the same rate.

The party led by Catarina Martins also wants to ensure an extraordinary temporary increase in pensions in July to protect them from inflation, as well as an update of the social support index, the specified discount and an increase in the pension limit.

Once again, BE insists on the need to repeal the triple rules of labor law.

Perry Shepard

“Hardcore alcohol maven. Hipster-friendly analyst. Introvert. Devoted social media advocate.”

Perry Shepard

Perry Shepard

"Hardcore alcohol maven. Hipster-friendly analyst. Introvert. Devoted social media advocate."

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