Carlo Bonomi, the president of
Italian industry association Confindustria, said Monday that the
budget bill Premier Giorgia Meloni's government is set to
approve lacks ambition on tax cuts.
He told a meeting of the association in Genoa that the package
"lacks a strong intervention on the labour-tax wedge - a shock
intervention is needed".
He said 16 billion euros was needed to cut labour taxes, arguing
this was the best way to help people, especially those who are
earning less than 35,000 euros and whose purchasing power has
been decimated by the costs-of-living crisis.
The said the necessary money could be found by "reconfiguring
4-5% of public spending".
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