The discussion within the majority on the maneuver is intensifying. The two fronts that have been created within the government see Forza Italia and brothers of Italy on the one hand and the League on the other. The former are trying to direct around 4 billion euros of funds towards a cut of the IRPEF for the middle class and other tax discounts on wages. The Carroccio instead insists on fiscal peace and proposes to extend the Flat tax to 15% on wages by taxing the extra-produced of the banks. However, the insertion of a new scrapping of the budget laws seems more and more unlikely.
Costs and objectives for the cutting of the IRPEF in maneuver
Forza Italia and brothers of Italy argue that it is necessary to reduce the IRPEF rate of the bracket between 35,000 and 50,000 euros from 35% to 33%, to allow the average class to have an increase in real salaries and companies to increase wages by spending less.
To this intervention should be added other tax advantages at work, on topics such as:
- the extraordinary;
- production prizes;
- the thirteenths;
- low wages;
- the reward IRES;
- Investments in favor of exports.
In addition, the two parties would like to extend this Irpef bracket of up to 60 thousand euros, to actually involve all the workers who are part of the category that contribute most to the revenue of the state.
The coverage for this rule would require at least 4 billion euros, to be consolidated not only in the 2026 budget, but also in that of the following years, to prevent a sudden increase in taxes due to the expiry of a standard never made structural at the end of next year.
The clash with the League on the roofs
The maneuver, in total, should move around 30 billion euros. This means that the cutting of the IRPEF would represent a very significant part of the government’s financial resources. A measure that would therefore take away space for the main proposals of the third party of the majority, the League. The carroccio would like to insert in maneuver:
- scrapping of folders in 10 years, with 120 interest installments;
- the flat-tax at 15% also for employees;
- blocking the increase in retirement age.
If the cost of the flat-tax is difficult to calculate, the scrapping of the folders could weigh for 2 billion euros, while the blocking of the retirement age for 3 billion. These are also interventions that several international institutions have judged as deleterious for public accounts, at a time when the government’s conservative work on the state budget is bringing wide benefits.
The impact of duties and hope from debt
In fact, the Italian government would have a 13 billion euro treasure from the savings on the interests on the debt derived from the very low rates to which he is selling the government bonds. With returns under 3.5% and the spread around 85, the executive has 5 billion available for 2025 and another 8 for 2026.
However, this positive news was dampened by the same minister of Economy Giancarlo Giorgetti, who during the Cernobbio forum He underlined the impact of duties on Italian public accounts and growth. A circumstance that could further limit the government’s spending power in maneuver.
