Meloni’s government is preparing to prepare the second budget law with Nadef’s approval. A maneuver that will be based on a 16 billion euro deficit and aims to support families, retirees and low-income workers. From bonuses to reducing the tax wedge to reorganizing pensions and Irpef slices, there are various measures that could find a place in the 2024 budget, a package of rules that could reach a figure close to 25 billion euros, provided the executive is empowered. to find all resources. It is too early to know what the final form of the new budget law will be, but the debt targets included in the update note of the Def (Economic and Financial Document) give several clues about what is “cooking”.
Tax wedge and Irpef rates
The most important measure of the new budget law will undoubtedly be the extension of the wedge cut until 2024, which envisages a 7 percent cut in incomes up to 25 thousand euros and a 6 percent cut in incomes up to 35 thousand euros. It clearly comes to the rescue of low-income families brought to their knees by high prices. The other remaining change in the tax area will concern Irpef rates, which will increase from four to three with remodulation. There will be a first tranche of 28 thousand euros with a rate of 23 percent, a second tranche of between 28 thousand and 50 thousand euros with a rate of 35 percent, and finally a last tranche of 43 percent for incomes over 50 thousand euros. . Not only that, the hypotheses in question also include the verification of a flat tax for professionals and VAT figures with invoices below 85 thousand euros. Other measures to strengthen tax pressure will also be on the table, including a strong income tax cut. It is envisaged to allocate funds for healthcare personnel and to encourage investments in the South in the three-year period between 2024-2026.
Bonuses and measures for families
Regarding families with more than three children, the government is considering special measures that are also aimed at stimulating the birth rate in our country. One of the hypotheses being studied is a type of Irpef bonus that could reduce the tax burden for larger families and offer the possibility of strengthening the single allowance from the third child onwards. Another measure aimed at middle-low income families is the device bonus: currently this measure provides a contribution equal to 30% of the purchase cost, up to a maximum of 100 euros, to those who decide to replace their old devices with new ones. New models with better energy efficiency. For families with an ISEE below 25 thousand euros, the 100 euro limit can go up to 200 euros. If the measure were to maintain this “scaffolding”, the cost to the state coffers would be around 400 million euros per year.
No reform in pensions
Another frequently discussed topic is the issue of retirement. The government appears intent on intervening with the extension of Quota 103, the measure that only allows people aged 62 and with 41 years of contributions to leave their jobs early. Therefore, there is currently no structural reform due to the “problem” that only seems to be postponed into the future. An extension of the social Monkey for disadvantaged workers and a possible expansion of the audience is expected, but the problem of the “female option” remains. Despite pressure from unions who want a return to the requirements in force in 2022 (58 years for employed workers, 59 for self-employed workers and 35 years for contributions), the executive appears intent on extending the measure, but no changes have been made in this regard. Lowering the 60 age limit.
resource problem
Years pass, governments change, but the problem of every maneuver remains the same: finding resources. As we mentioned at the beginning of the article, the government currently has a starting point of around 16 billion euros (15.7 to be exact) from the difference between the trend deficit and the 2024 program deficit. Consider the entire long list of managers’ “requests.” The cost of reducing the tax wedge and re-adjusting Irpef rates alone is around 14 billion euros. The manager wants to develop a “light” maneuver worth less than 24 billion euros; Therefore, at least another 6-8 billion euros (if not slightly more) required to cope with all the measures are expected to be missing. Some cuts and changes will be inevitable, but several billion dollars more in aid could also come from the spending review. A blanket that is always short and runs the risk of losing things from the pack.
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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.