The government accelerates on the next Budget Law, which will land in Parliament on 20 October.
There are several main managers reiterated by the Minister of Economy Giancarlo Giorgetti and Vice -premier Matteo Salvini, from the Pontida stage: the reduction of Irpef rates for the middle class and tax peace through the scrapping of folders. Two measures that, added up, are worth between 3.5 and 4 billion euros. And then the flat tax and a commitment to banks.
Salvini: “Flat tax for everyone and banks in the field”
Revision of Irpef and fiscal peace are an ambitious goal, which Giorgetti defines as “responsible”, but which needs certain covers.
The minister, encouraged by the positive judgment of Fitch on the Italian rating and in the hope of a next move of the ECB on rates, insists on the protection of savers and on the solidity of the accounts. Meanwhile, tomorrow Istat will publish the updated data on national economic accounts, essential to calibrate the programmatic public finance document (DPFP, former Nadef).
From Pontida’s stage, vice -premier Matteo Salvini has relaunched the League battle horse: to extend the flat tax to all workers, cancel 170 million tax collection folders and increase net income of up to 1,000 euros for those who earn between 28,000 and 6,000 euros. A plan that, according to Salvini, must also see the participation of the banking system:
The big banks, instead of earning 46 billion to distribute the dividends, will earn 42 or 43 and I don’t think someone in the Finance buildings will have difficulty shopping. Those who can give a hand, for example by helping the minister for a home plan to allow our children and grandchildren to buy a house and this is one of our priorities.
The League is unlikely not to enter the clutch with Forza Italia, which protects the interests of the Berlusconi family, which boasts important participations in Banca Mediolanum.
For the rest, it is already known that Salvini has put the ISEE in his viewfinder: in view of the next maneuver the vice premier aims to modify the ISEE rules since the concessions always go to the same beneficiaries, as he has already had the opportunity to say.
The hypotheses in maneuver
In addition to Irpef and scrapping, requests for intervention multiply. Confedilizia pushes for dry coupon on stores, Confindustria for measures to support productivity and the industrial system. Among the most concrete hypotheses emerge:
- deduction of thirteenth and productivity prizes;
- incentives for newly hired with IRPEF zero rate;
- strengthening of the single check and new born bonuses;
- Extension of 50% building bonuses for the first houses.
On the front of the roofs, the increase in cigarettes returns (with more contained increases than EU hypotheses), while the two -year composition with a biennial preventive for VAT matches could lead to income useful for cutting the IRPEF from 35% to 33%.
“There is no treasure to spend,” Giorgetti had made the day before the festival Open in Milan.
Waiting for Istat accounts
The real test will arrive tomorrow with Istat data: crucial numbers to establish the maneuvering space and to support the EU’s request for an early exit of Italy from the infringement procedure for excessive deficit. The game is open and is only at the beginning.
