Middle class “smothered” by taxes

 In News, Tax

The leader of Portugal’s centre-right PSD party said this weekend that it is unacceptable that the country’s middle class is being “smothered by taxes”.

Rui Rio made the comments in the closing speech of the party’s 39th PSD National Congress at which he said it was essential for the future of the country that different political parties sat down at the table and talked.
Predictably, Rui Rio criticised the current caretaker government led by António Costa, which will continue to run the country without a State Budget for 2022 until elections at the end of next month.
The opposition leader said that the Government had managed to find enough money for Novo Banco, TAP and tax amnesties for the electricity company EDP, and argued that the country should not have a middle class “smothered by taxes”.
On Novo Banco, Rio criticised “the taxes of the Portuguese was obediently handed over”, which the Government paid and thought nothing of it.”
On TAP Rio called the Government’s record as an “example of socialist management with millions of euros wasted in a bottomless black hole”, adding that the restructuring and recapitalisation fund might not be approved and could even be closed down after so much money had been spent on it. “It couldn’t be worse”.