Regarding budget law, Giorgia Meloni advises to be cautious. In his speech at the opening of the cabinet on Monday, the prime minister stressed that “available resources should be used with the utmost care”. This message seems to be sent first and foremost to government allies Lega and Forza Italia, who want to do more, especially for retirees. The Prime Minister openly stated that the resources were “scarce” and invited us to “avoid waste and inefficiency”. If confirmation of the deduction in the tax wedge now seems clear (and all parties agree), mediation will be necessary for the remainder.
In her speech, Meloni insisted that “funding for demographic policies and the birthrate should be increased”. For companies that decide to hire women with three or more children, a proposal to lower IRES and the hypothesis of introducing a bonus for a second child are on the table. In the fight against the demographic crisis, the prime minister is unlikely to accept proposals from other majority parties, which is the cornerstone of the FDI program.
Pensions: League seeks 41 quotas, Forza Italia seeks increase in minimums
On the other hand, there needs to be some tension within the government on pension reform. As it is known, while the League is trying to implement Quota 41, Forza Italia’s goal is to increase the minimum quota for over 75s to 700 Euros again. The government is also looking for ways to make access to Ape always a social and women’s option. keeping an eye on the accounts. Lega and Forza Italia also have different views on how to find resources. To raise money, the Azzurri want to start a new liberalization season and target ports and municipal companies (an idea already rejected by Salvini). Conversely, the League is betting on the 40% tax levied on banks’ “extra profits”, which is intolerable for Forza Italia. So much so that Tajani is already demanding corrective measures and wants to exclude small institutions and government bond yields.
From fringe benefits to overtime tax deduction
In tax matters, the Union is pushing for the abolition of thirteenth taxes on the payroll; this proposal has been given such a green light that it looks like it could be approved before the end of the year. The majority also points to the expansion of preferential taxation on productivity bonuses and benefits. The renewal of mortgage subsidies for the first home purchase should also be included in the budget law. A measure for young people and couples under the age of 36 whose ISEE does not exceed 40,000 euros per year.
Therefore, a “conservative” maneuver with many expansions and few innovations is envisaged. “The next budget law, like last year, should be serious to support growth, help the weakest, give momentum to the producers, and put money in the pockets of families and businesses,” Meloni said. Allies are warned.
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Source: Today IT
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
