Spanish P.M. says tax cuts on the horizon, recession coming to an end
Pontevedra, Spain, Aug 31 (EFE).- Prime Minister Mariano Rajoy said Saturday his government would announce plans to cut taxes within a year and predicted that the Spanish economy was "on the cusp" of growth.
Speaking at a political rally in this northwestern city, the premier forecast that the country's economic situation would improve sufficiently to enable his administration to lower taxes, though he did not provide specifics.
Although Spanish conservatives had consistently called for taxes to be lowered in the past, Rajoy's administration raised them after taking office in a bid to narrow a large budget deficit.
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