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The Left Party Presents Shadow Budget: Increase Taxes for the Rich

The Left Party wants to raise taxes for high-income earners in its shadow budget. Now we need to strengthen welfare instead of cutting it, says party leader Nooshi Dadgostar.

» Updated: 03 October 2024, 21:19

» Published: 03 October 2024

The Left Party Presents Shadow Budget: Increase Taxes for the Rich
Photo: Jakob Åkersten Brodén/TT

The Left Party presents its budget motion under the slogan "Climate, Welfare, and Growth". The party proposes a recovery support for welfare of 20 billion kronor.

The most important thing is to achieve a paradigm shift in Sweden, says Nooshi Dadgostar.

Abolish Rut

According to the Left Party leader, this means catching up after 14 years of cutbacks.

A new red-green government needs to ensure that welfare can recover after many, many years of cutbacks.

The Left Party rejects 30 billion kronor of the government's tax cuts. Among the Left Party's proposals are reintroduced taxes on plastic bags and no to further reduced taxes on petrol and diesel. The Rut deduction should be abolished, as well as the new job tax deduction.

They also want to increase taxes for high-income earners. On the other hand, taxes should be reduced for the sick and unemployed, and the income pension supplement should be increased by approximately 300 kronor per month.

Overall, we are increasing taxes by 60 billion kronor this year. No one earning under 45,000 kronor per month will get a tax increase, says Ida Gabrielsson (V), economic policy spokesperson.

Total, the Left Party's budget is 130 billion kronor larger than the government's. A difference, apart from tax increases and other priorities, is that the Left Party believes the state should borrow for large climate investments.

Abolish Waiting Deduction

The Left Party wants to increase child allowance by 400 kronor per month and abolish the waiting deduction. The party also proposes a higher unemployment insurance, sickness insurance, parental insurance, and a higher housing allowance.

Furthermore, the Left Party wants to invest 3 billion kronor in a green transformation of the labor market and strengthen the employment agency and labor market policy with 2 billion kronor – including the hiring of 1,200 new employment agents.

We have had an employment agency that does not work for a long time, says Nooshi Dadgostar.

The Left Party's budget is 130 billion kronor larger than the government's and proposes tax increases of 60 billion kronor.

A recovery support for welfare of 20 billion kronor is proposed.

They are allocating 5 billion kronor more in sector support to healthcare than the government.

3 billion kronor goes to a green transformation of the labor market – so-called Sweden jobs.

Taxes are reduced for the sick and unemployed and increased for high-income earners.

A family with three children and a car with an income of 125,000 kronor per month would get 1,650 kronor less per month with the Left Party's budget, according to the party. A single unemployed parent with two children and no car would get 13,500 kronor more.

Source: The Left Party's budget motion

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By TTThis article has been altered and translated by Sweden Herald

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