Italy Supply Side Policies
1) Tax Cuts on Citizens Specific Tax Policy: 2020 Proposal - " a tax set at 15 percent for families earning up to 50,000 euros -- is part of the government contract signed by the League and Five Star, and would concern 50 million people including 35 million taxpayers “We’re working so that the flat tax also involves families, employees,” Salvini put the cost of his proposal at between 12 billion euros and 15 billion euros in the 2020 budget. (Bloomberg) The plan envisions eventually moving to two income tax rates, one at 15 percent and the other at 20 percent for both companies and individuals. The government refers to the two-tier system as a “flat tax” plan, using the English-language term. Arguments Against: a reported Treasury estimate that a flat tax for families would cost 59.3 billion euros ($67.3 billion). E ven if the cost of the flat tax were 15 billion euros, that would be “unsustainable.” She added: “We ...