The government has decided to expand the “Christmas bonus” in order to boost consumption during the holiday season. Originally intended to reach 1 million families with a budget of about 100 million euros, the bonus is now estimated to benefit 4.5 million workers, including single parents and those initially excluded from the previous criteria. The bonus, which was previously known as the “widows’ bonus” because it was only given to single-parent families without a spouse, has now been extended to workers with at least one dependent child. This move is seen as a way to provide additional support to workers and taxpayers during a time of increased family expenses. The bonus is expected to provide a further boost to Christmas spending.
Following meetings with trade unions, the government has engaged with various employers’ organizations to discuss the economic measures in the budget. The focus has been on increasing investments, with demands for incentives such as the requested IRES tax deductions by industrialists. In response to the high number of amendments proposed by political groups, a screening process has been initiated. The Budget Committee of the Chamber has set a limit of 600 amendments to be considered, with 250 for the majority, 320 for the opposition, and 30 for the mixed group. Deadlines for submitting amendments have been extended, with expectations of a debate in early December. The government is also hoping to secure additional resources from the agreed-upon budget to lower the second bracket of the Irpef tax from 35% to 33%. This intention has been reiterated by the Minister of Economy, who emphasized the government’s commitment to reducing the tax burden on the middle class.
The possibility of including provisions for the installment payment of the second tax installment in November, as proposed by the League, is also being considered. The Minister has stated that this option will be evaluated within the limits of available financial resources. Additionally, the reduction of the Rai television license fee from 90 to 70 euros is under discussion, with the Minister deferring to parliamentary decisions on the matter. The government is aiming to continue working towards identifying resources for significant tax reductions for the middle class. The outcome of negotiations with the opposition will play a significant role in determining the final content of the budget and related legislative measures. The government is striving to strike a balance between providing support for families and promoting economic growth.
In preparation for a parliamentary debate, the government is working with various stakeholders to address concerns and prioritize key economic measures. The expansion of the Christmas bonus is part of a broader strategy to stimulate consumer spending and support workers during the holiday season. The proposed revisions to tax rates and benefits are aimed at providing relief to the middle class and encouraging investment. The government is seeking to strike a balance between addressing immediate economic challenges and laying the groundwork for long-term growth. The outcome of negotiations with trade unions and employer organizations will be crucial in shaping the final version of the budget and related legislation.
