Spain plans tax hike for millionaires to help those in need
President of Spain Pedro Sanchez, right, arrives to address the 77th session of the United Nations General Assembly at U.N. headquarters, Thursday, Sept. 22, 2022. (AP Photo/Jason DeCrow)
MADRID (AP) — Spain's Socialist-led coalition government is planning a temporary higher tax rate on the richest 1% of the country from next year, in addition to its windfall taxes on large energy companies and banks.
"We are proposing a redistribution of the effort, among those who have the most, to fund the welfare state, which is everybody's," Socialist Prime Minister Pedro Sánchez said in a speech Friday...
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