Moderates warn of tax hikes under a left-wing government

Stockholm: Two leading figures from Sweden's Moderate Party, Finance Minister Elisabeth Svantesson and Justice Minister Gunnar Strömmer, have issued a stark warning against potential tax increases under a left-wing government following the 2026 election. They assert that voters would face reduced disposable income if the left-wing bloc secures victory.

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One can be sure that people will have less in their wallets with a red-green government.

"One can be sure that people will have less in their wallets with a red-green government," Svantesson stated. The ministers presented their calculations on the cost of the opposition's campaign pledges, arguing that financing these promises would necessitate substantial tax hikes. "If one is to finance the election promises, there will be significant tax increases," Svantesson added.

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If one is to finance the election promises, there will be significant tax increases.

When questioned about focusing on Social Democrats' policies rather than their own, Svantesson emphasized the importance of highlighting political differences with 100 days remaining until the election. She argued for transparently addressing problems and outlining desired actions, even if they involve difficult decisions. Svantesson suggested that the Social Democrats are not acknowledging the significant challenges within the opposition and are reluctant to disclose associated costs.

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It is important to show the differences in Swedish politics. I think one should describe problems as they are and what one wants to do, even if one has to make uncomfortable decisions.

The Moderate ministers pointed to Stockholm as a cautionary example, where the left-wing city government raised municipal taxes during the past term. Despite this, recent surveys indicate a rise in support for the left-wing parties while the Moderates have seen a decline. Svantesson countered that tax issues are only one factor among many, stressing the need to remind people that taxes on ordinary citizens have increased, impacting their ability to manage their lives. She reiterated her commitment to strengthening purchasing power, partly through tax reductions.

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The tax has been raised for ordinary people. Many Stockholmers are struggling hard and have had to change their way of life. My job is to ensure that purchasing power is strengthened through, for example, tax cuts.