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Renzi in the Senate: "Double-digit cut for the tax wedge"

Prime Minister Matteo Renzi listed the three fundamental points of the economic program: "Total release of the debts of the PA, guarantee funds for SMEs and double-digit reduction of the tax wedge" - Then the plan for the school and on the sidelines of the intervention in Hall, answering questions from journalists, the "clarification" on financial income.

Renzi in the Senate: "Double-digit cut for the tax wedge"

Prime Minister Matteo Renzi also mentioned the first essential economic reforms, "discussed with Minister Padoan and which will be finalized in the coming weeks". Renzi listed the three fundamental points:

1- "Total release of the debts of the Public Administration, with a different use of the Cassa Depositi e Prestiti".
2- "The establishment and support of guarantee funds, in addition to the new role of the CDP, for small and medium-sized enterprises, which are the ones most brought to their knees by the crisis".
3- "Double-digit reduction of the tax wedge: serious measures not only for reducing spending, with results within the first half of 2014. Not words, but precise and punctual interventions". 

"From 15 June to 15 September we will have to draw up a plan to intervene in a concrete and punctual way on school construction, a program in the order of billions of euros". Added the Prime Minister, Matteo Renzi, in his programmatic speech in the Senate Chamber. "Investments in school buildings - he added - are blocked by the internal stability pact which needs to be changed immediately on this point". Renzi also promised that "the release of the PA's debts will be total, not partial".

Renzi, later intercepted by journalists, also clarified the government's position on the reshaping of financial income. “Respecting your efforts on this issue, Undersecretary Delrio simply said that the issue of taxation on financial income and the issue of money on labor costs will be the subject of an evaluation. You immediately titrated as hard and as heavily as possible. Please stick to the facts." 

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