Taxes, nine billion coming to lower them. Pensions, check Quota 102

Taxes, nine billion coming to lower them. Pensions, check Quota 102
Taxes, nine billion coming to lower them. Pensions, check Quota 102

Tax, social safety nets, pensions, additional resources for health; but also a possible new intervention to alleviate the burden of energy price increases on bills of households and businesses. The macro-chapters of the Budget law are defined even if the government it still has some difficulty in quantifying the relative financial allocations: numbers that must be included in the draft budget document, actually expected last Friday in Brussels. In terms of taxes, the objective is to anticipate some aspects of the next reform, which, having the form of a delegated law, will have a longer definition time. There are two constraints: not to further complicate a regulatory framework which, on the other hand, must be absolutely simplified and to satisfy both families and businesses with the available resources: each of these two components claims a slice of the “tax wedge” to be reduced. For the benefit of personal income taxpayers, the 38 percent rate would probably be cut by two points. For businesses, the cut in social contributions paid for the allowance to the family unit is evaluated, which will be replaced byuniversal allowance. If the pressing in progress in these hours is successful, the total availability could rise to 9 billion, from the six already available. But the executive must also begin to find fresh revenues, precisely in view of the reform: and here a move already foreseen is the revision of the subsidies considered environmentally harmful: some of these items, however (for example the more favorable excise duties on diesel) have a socially very strong impact and therefore the list must be studied carefully. The intention of the Minister of Ecological Transition, Roberto Cingolani, would be to propose a sort of “exchange” to the categories that risk being most affected by the cut in environmentally harmful subsidies, starting with road hauliers. Of the approximately 19 billion in deductions, deductions and other aids, almost 5 billion relate to the reduction of the levy on diesel. The intention would be to cut incentives by replacing them with work-related reliefs of the same amount. But it will not be an easy task.

Early retirement, leaving up to 5 years earlier to hire young people

Pensions, November check in advance: the calendar and methods of payment

He folder

Even the dossier of social safety nets depends in a decisive way on the available resources: for the scheme developed by Minister Orlando, which extends the protection against unemployment to all workers, 8 billion would be needed. For now there are 4 available, which is why we are considering gradual interventions that could, in a first phase, leave out micro-enterprises. Not to mention that the new active policies would also need to be financed and organized with Confindustria clamoring for greater involvement of private agencies alongside public employment which, to date, has not yielded great results.

Then there are the chapters Income e Pensions. As anticipated by the Messenger, for the Income there will be a cut of the allowance in case of refusal of job offers (starting from the second). In the first case it is a question of replacing the formula of Quota 100 that expires: there will be other forms of flexibility in output but not generalized. According to the hypotheses being studied, about 3 billion would be needed to implement a scheme of gradual raising of the retirement age, introducing a sort of “Quota 102”, Retirement at 64 years with 38 contributions. A transitional phase that would last 2 years. To be defused in the maneuver there is also the mine of the revaluation in line with the inflation of 22.8 million pension checks, an item that promises to be more expensive than last year in light of the recent flares of energy that push up the consumer price index. To align with the cost of living, 4 billion euros would be needed.

The key points


Cutting the wedge for workers and businesses

The starting dowry is 6 billion, which however could rise to 9. With these resources, the government will have to carry out a significant operation to cut the tax wedge. On the employee side, the most likely intervention is a cut in the third personal income tax rate, the one that applies to the income bracket between 28,000 and 55,000 euros: with an adequate dowry it could be two points. For businesses, the launch of the cancellation of IRAP is on the table, which however would only benefit small children and the elimination of the contribution for the family allowance (Cuaf) which is worth just under 2 billion.


Early exits, a super-fund against the staircase

One of the central chapters of the next budget law will be that of social security. Quota 100, the early retirement with 62 years of age and 38 of contributions, will expire at the end of the year. On what will happen after the discussion is still open. On the table there is the hypothesis of a “fondone” whose purpose would be to allow an early exit for a transitional period (of two years). Early retirement should be allowed with 64 years of age and 38 of contributions (it is not yet clear if it will be possible to access with 62 years and 40 of contributions). Until the pension is reached, an allowance equal to the accrued treatment would be paid.

Shock absorbers

Income support for all and reform of active policies

The reorganization of the social safety nets was one of the first measures launched by the Orlando government but despite the push of Minister Orlando the package of measures ran aground on the financial resources chapter. The creation of a truly universal instrument of protection which, in the event of job loss, also guarantees self-employed workers and employees of very small companies costs about 8 billion. With a lower cost, a simpler extension of the current Cig could be realized. Also on the agenda is the reform of active policies to boost employment in the restart phase.


Appropriations for awards and new careers

In the budget maneuver, new resources will arrive to unlock the renewal of the contract of 3.2 million public employees. There are essentially three measures on the table: the first is the definitive elimination of the block on ancillary salary funds, those that are used by administrations to provide bonuses and allowances. The second is an allocation of 150-200 million for the new professional organization of the public sector with the introduction of a fourth area (high professionalism). The third chapter will concern the training of public employees.

Super bonus

The 110% incentive towards the extension also for 2023

The 110 per cent super bonus for energy efficiency in buildings will also be extended to 2023. The measure will find space within the budget maneuver. The government had announced its intention to extend the superbonus already in the update note of the Def, the document on economics and finance, approved in the council of ministers two weeks ago. Another measure dear to businesses should also be extended until the end of 2024. This is Transition 4.0, the incentive for business digital investments.


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