Italy Proposes Gradual Income Tax Cut for Middle Class

Antonio Tajani, leader of Forza Italia, confirmed a hypothesis for a gradual income tax cut aimed at the middle class in Italy. The proposal suggests extending the 33% tax rate for incomes up to 55,000 euros in 2027, with the threshold rising to 60,000 euros in 2028. The total measure is estimated to cost around 3.5 billion euros, with the first phase costing approximately 1.5 billion euros.

The tax reduction proposal involves a significant fiscal intervention that could affect public finances. Its actual implementation depends on the financial resources available and the outcome of negotiations with Brussels regarding budget flexibility. The measure could affect around three million taxpayers with medium-high incomes.

Antonio Tajani leads Italy's diplomatic efforts abroad.