Montoro announced that he could lower in the personal income tax (IRPF) for the highest income bracket after saying before that the cuts would be limited to the middle-class, which has carried the weight of government cutbacks so far. Besides seeming overly-optimistic, the measure is clearly the logical thing to do if we want to stimulate spending and encourage a recovery.
In other words, if the rich get some tax relief, this is good for everyone else. Also, tax cuts will attract investment capital and help to create jobs. Still, it's necessary that reforms consider the global perspective, which includes lowering social security contributions that companies have to pay and making sure the government does more than rub on mere patches. Not doing all this would be to lose a golden opportunity.
