Friday, March 19, 2004
Here are some of the economic promises on which Zapatero's Socialist Workers Party campaigned: lowering the corporate tax rate from 35 percent to 30 percent, cutting income taxes, and reducing the value-added tax. Oh, and they're going to balance the budget and control inflation. The man expected to be the Socialist finance minister, Miguel Sebastian, is a U.S.-educated economist with a Ph.D. from the University of Minnesota. He's promising to put his faith in the Invisible Hand. "There will be a strict separation between politics and business," he told the Financial Times. "We will be a market-friendly government." These are socialists?