SP attacks subsidy report

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Dissatisfied with the work report: SP National Assembly Member Sarah Wyss from the canton of Basel-Stadt.
Nicholas ImfeldEditorial Economy

To increase taxes? Or cut costs? For the SVP, only one of the options outlined in the Swiss Institute for Economic Policy (IWP)’s first subsidy report to reduce the impending deficit in the federal budget comes to the fore. “We demand an immediate and sustainable cessation of spending growth,” says Lars Guggisberg (45, BE), Senior Vice President of the National Assembly. “We have a huge spending problem that has been exacerbated by Corona for decades.”

In agriculture, the study’s authors identify a clearly welfare-reducing effect of everything. But Guggisberg doesn’t want to save anything here. Corona and the war in Ukraine have shown that dependence on imports, especially for food, can be deadly. “Weakening Swiss agriculture would therefore be foolish for the Swiss population to be self-sufficient with food.”

Instead, Guggisberg identifies the savings potential in the better-performing areas in the IWP report. “The biggest cost drivers are social welfare, culture and entertainment, and the health sector.”

SP criticized the report as “ideological”

Meanwhile, the left thinks nothing of the first subsidy report, as SP National Assembly Member Sarah Wyss (34, BS) has made clear. She attacks the sender and describes the IWP as “controversial”: “The institute was primarily set up as an ideological project by some big businessmen and neo-conservatives to support their economic interests and agendas.” Unfortunately, the study also turned out to be “propaganda,” while “arbitrary categorization” seems strongly ideologically motivated.

Wyss is not calling for a tax increase, but raises a finger: “No more tax cuts for the few.” It is important to invest now to generate higher tax revenues in the future.

SVP-Guggisberg doesn’t want to know anything about tax increases. “It would be poison and do great damage to economic growth.” As a result, the attractiveness of the location will suffer. “And the tax base falls over the medium term.”

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Source :Blick

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I'm Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor's Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.

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