In the government's and the Sweden Democrats' budget proposal for next year, a new job tax deduction is one of the largest items. The Social Democratic Party says in its budget proposal partly yes to the government's proposal, but only for incomes up to 66,750 kronor per month.
We do not think it is time for another tax cut for those who earn more, says Mikael Damberg.
The party also wants to reintroduce a phase-out of the job tax deduction for people with very high incomes.
Increased child allowance
Several proposals in the Social Democratic Party's budget are already known. Among other things, they want to abolish the qualifying deduction and increase the child allowance by 200 kronor per month.
A family consisting of a police officer, a nurse, and two children will get 2,200 kronor more per month with the Social Democratic Party's proposals, according to Damberg. That is 400 kronor more than with the government's policy.
With free public transportation for children and young people or an abolished qualifying deduction, it could be even more, says Damberg.
The Social Democratic Party says yes to several of the government's budget proposals, such as halved food VAT, lower maximum fee in preschool, and reduced electricity tax.
More for welfare
A difference is that the Social Democratic Party chooses to put more money into welfare than the government, for example, in schools, shorter healthcare queues, and more employees in elderly care.
Furthermore, the Social Democratic Party criticizes the government for not doing enough to get to grips with the high unemployment and also launches measures to get more young people into jobs.
Other major investments are about investments in trains and roads, more money to social services to prevent gang recruitment, and restored high-cost protection for medicines.
To finance the investments, the Social Democratic Party wants, among other things, to introduce a temporary bank tax that generates revenue of 12 billion kronor. The party also says no to the government's proposal to reduce the employer contribution for young people and to tax cuts for those with the highest incomes.
Maria Davidsson/TT
Peter Wallberg/TT
Facts: The Social Democratic Party's proposals in brief
TT
Increased child and study allowance 5.2 billion
Investment in schools, including more teachers 4 billion
Job investment 2.5 billion
Staff investment for shorter healthcare queues 2.4 billion
Restored high-cost protection for medicines 2.2 billion
More employees in elderly care 2 billion
Social services, to prevent gang recruitment 1.7 billion
Increased allocation in aid 1 billion
Financing proposals:
Temporary bank tax 12 billion
No to reduced employer contribution for young people 6 billion
No to tax cut for high incomes 4.6 billion
Re-prioritization in the budget 5.1 billion
Source: The Social Democratic Party's budget motion for 2026
