Martedì, 25 Settembre 2018

PdL asks for extension of budget stability law, PD refuses


Rome, December 18 - The centre-right People of
Freedom (PdL) party asked Tuesday for more time to examine
Italy's stability pact, triggering a sharp refusal from the
The Democratic Party's (PD) secretary Pier Luigi Bersani
accused the PdL of trying to use Parliament and its crucial
budget debate to buy time to solve its own, internal struggles.
"They can not use the Parliament, the law of stability for
their problems."
The PdL, founded by former premier Silvio Berlusconi, has
been in turmoil as efforts to find a new leader were abruptly
upturned when Berlusconi recently announced his plans to return
to active politics.
Fabrizio Cicchitto of the PdL denied the PD's accusation,
saying "we're going to take all the time necessary to examine
well the measures," contained in the stability law.
The Senate budget committee said it planned to continue
meeting through the evening to resolve debate on numerous
amendments to the budget bill.
The bill passed three confidence votes in the House before
arriving in the Senate.
Before it was approved, politicians were able to tack on
two provisos, one requiring the government to promote the
Italian language abroad, and another requiring them to "consider
broadening the base on taxable income" for the Tobin Tax, which
applies to investment transactions and is predicted to
bring in 1.1 billion euros.
The bill's other provisions include increasing VAT by 1%
starting in the second half of 2013 for the VAT sales bracket of
21%, and a retroactive reduction of tax deductions, making it
necessary for taxpayers or tax-paying entities to cough up
payments on past filings.
Premier Mario Monti has said that the budget measures
contained in the stability law do not amount to another
austerity package like the tax hikes and spending cuts his
emergency government passed last year to put Italy on course to
balancing its budget in structural terms next year.

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