Swedish parties unveil pre-election tax proposals
In Sweden, parties ahead of the 2026 election are proposing changes to taxes on income, savings and large fortunes. Some initiatives envisage reducing the tax burden for workers and pensioners, while the Left Party and the Green Party support a tax on billionaires, The Local Sweden reports.
Proposals for workers and pensioners
The Moderate Party promises an ordinary family with two children at least 5,000 Swedish kronor extra per month. According to its calculations, 2,000 kronor would come from broad cuts to income and pension taxes, while another 500 kronor would come through a new tax break for working parents. The package also provides for abolishing fees for preschools and after-school activities, as well as a tax break for public transport passes paid for by employers. The total amount of such savings is 5,850 kronor, but not every component will be available to every family.
The Centre Party proposes not charging income tax on the first 15,300 kronor of earnings. According to the party, this would reduce the tax payments of a person earning 25,000 kronor per month by about 1,200 kronor each month. The reform is planned to be financed mainly by abolishing the system of tax deductions introduced by governments led by the Moderate Party after 2006.
The Social Democrats have promised to cut taxes for people with low and middle incomes by 1,900 kronor per year, and for pensioners by 1,100 kronor. The Christian Democrats also say they support tax cuts for these groups, without giving specific amounts. The Sweden Democrats propose increasing tax transparency so that employer contributions are more visible.
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Taxes on wealth and savings
The Left Party and the Green Party propose introducing a tax for people whose assets exceed 1 billion kronor. The Green Party proposes a rate of 2% of total assets if the amount of income and other taxes paid by a person is lower than the calculated amount. The Social Democrats have promised to block this initiative.
The Liberal Party seeks in the long term to reduce the state income tax rate from 20% to 10%. The Moderate Party also has a general goal of reducing this tax so that all taxpayers can keep at least half of their income. These are not specific election promises. At the current threshold of 55,000 kronor per month, such policies could affect the 20% of highest-paid workers.
The Moderate Party, the Liberal Party and the Social Democrats support raising the tax-free threshold for ISK investment savings accounts. The Moderate Party proposes exempting the first 500,000 kronor of savings from tax, while the Social Democrats propose exempting the first 300,000. The Christian Democrats separately propose gradually abolishing capital gains tax on house sales, reducing the rate by 2% each year.
