Strong cut in the tax wedge but with a novelty: the reduction of contributions to encourage hiring will no longer concern only young people but also the over 50s who do not have a job but who are still far from retirement. This is what the Gentiloni government is thinking about in view of the autumn budget maneuver which will take into account the financial balance but also the need to use the available resources to support employment, also in consideration of the now approaching expiry of the three-year bonus from 8 euros on recruitment.
The Government plans to allocate around 7 billion euros to cutting the tax wedge in order to reduce the difference between gross salary and net salary and put more money in the workers' pockets. But compared to the past, the Government plans to cut contributions not only for new hires between the ages of 25 and 30 but also for that critical group of workers over 50 who are still far from retirement, also due to the fact that the retirement age is gradually rising.
Naturally, the tax cut, the modalities of which have yet to be discussed, could be more substantial if the Government manages to find new resources either by cutting the jungle of tax breaks or by increasing the spending review, even if the approaching election campaign does not help.
