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Renzi: "In the Stability Law, less taxes on work"

Thus Prime Minister Matteo Renzi, a guest at the first episode of the twentieth edition of Porta a Porta, also underlining: "We are the first government that is reducing the tax burden, cutting Irap by 10% and the bill to businesses by 10%. "

Renzi: "In the Stability Law, less taxes on work"

“I think and believe that in the Stability law we will have a further reduction in taxes on labour”. The premier said so Matteo Renzi, guest at the first episode of the twentieth edition of Porta a Porta, also underlining how “for too long we have been victims and responsible for the climate of resignation, we have screwed ourselves. We need to make people stop worrying about the future."

“I don't know if it's a classic maneuver – he added – but nobody has done what we're doing. We are reducing the weight of the state and the tax burden, we are the first government that is reducing the tax burden, cutting Irap by 10% and the bill to businesses by 10%. Plus the 80 euros”.

However, the Premier did not hide a bit of disappointment with the data on GDP: “I'm not optimistic, we're more or less dancing around zero, it's not enough to restart. It is the stop to the fall, but not the restart”.

But what are the possible new interventions in the tax field? 

1) Add 80 euros to the paycheck also to the so-called incapable (i.e. the four million people who earn less than 8 euros gross a year and who are excluded from paying Irpef, therefore not being able to benefit from the bonus activated since June) would cost around four billion euros. It is therefore more probable that the Government will intervene in favor of the poorest by strengthening subsidies through European funds.

2) It would probably cost too much, even to extend the 80 euro bonus to VAT matches individuals (which are three and a half million) and ai pensioners (about six and a half million those who receive between one thousand and 2 thousand euros a month). 

3) The most realistic extension of the bonus (it would cost only 2-300 million euros more each year) would therefore be the one that provides for an increase in the income thresholds for large families with a single salary. The new limits could go from 26 to 31 thousand gross euros per year for those with two dependent children, to 40 thousand for those with three and 50 thousand with four.

4) As for theIRAP, already reduced this year by 10%, each further cut of 10 percentage points in favor of companies would cost two and a half billion.  

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