Middle class left out of biggest gains from 2026 cut to income tax (IRS)

The 2026 cut to income tax (IRS) will increase households' disposable income, but it does so unevenly, leaving a significant portion of the middle class with only marginal gains. This conclusion is set out in the Portuguese Quarterly Economic Bulletin, recently released, authored by the Office for Planning, Strategy, Evaluation and International Relations of the Ministry of Finance (GPEARI) ...