The government is actively working on a series of measures aimed at supporting families and the middle class in the next budget law.
Among the proposed initiatives, a significant update pertains to the so-called €100 Bonus, which may be advanced and increased in 2024.
According to Deputy Minister of Economy Maurizio Leo, various strategies are being evaluated to enhance the purchasing power of families.
During an interview, Leo mentioned the “Befana Bonus,” which includes a direct payment of €100 scheduled for January destined for families.
The proposal is to advance this bonus and integrate it with this year’s Christmas bonuses, thereby providing extra financial relief.
Leo explained that the legislative decree on direct taxes includes the Befana Bonus, which anticipates a €100 payment for families in January.
There is a possibility that this bonus could be revised and advanced for 2024, significantly augmenting this year’s bonuses.
The €100 Bonus is part of a broader array of interventions the government is considering to address demographic challenges and bolster social welfare.
Besides this bonus, enhancing the universal allowance or introducing specific tax deductions for children are also on the table.
Leo emphasized the government’s commitment to promoting birth rates, stating, “There are various avenues: either enhance the universal allowance or introduce specific deductions for children.
The priority is to support families.”
The administration is striving to balance the need to support families with the financial prudence imposed by new European regulations.
In relation to income tax reduction for middle-income earners, the success of the biannual agreement proposed for the self-employed will be pivotal.
Leo expressed his confidence in this initiative, highlighting that current participations are underway, and the outcomes will be crucial in assessing additional revenues available for tax cuts.
Beyond the €100 Bonus, the government is discussing further fiscal measures aimed at bolstering the middle class.
Leo indicated that lowering taxes for individuals earning up to €50,000 annually is a priority, albeit a cautious approach is necessary.
He mentioned the potential reduction of the second income tax bracket from 35% to 33% for incomes reaching €60,000.
Moreover, an extensive tax reform is imperative to ensure greater fairness and promote economic growth.
“Reducing taxes for the middle class is essential, but it must be done with identifiable resources.
This is certainly a feasible option worth considering.
It would serve as a positive signal aligned with the goals of tax reform,” Leo noted in a recent interview.
These proposals are part of a legislative context involving reforms already initiated by the government, which has approved thirteen legislative decrees in less than a year.
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