Op-ed: Income tax levels revised to help fight crisis

The personal income tax campaign began today, and it's possible that a a draft of the new tax policy could be finalized as soon as May 3. If during 2012 tax season attempts to reduce the public deficit, then there are two novelties of the 2011 tax season: recovering deductions for purchases of real estate used as a main dwelling and widening the range of accepted deductions on improvement projects for any real estate property.

Both measures are fueled by hopes that the real estate market will begin a slow recovery, mortgages are not granted to people in risky financial situations and companies who do remodeling and restoration add some jobs to construction sector employment figures. The measure won't solve the crisis, but it's one step of many along the way.