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Finance

Italy PM says wants to focus on tax cuts for middle income earners

Published by Global Banking and Finance Review

Posted on January 24, 2025

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ROME (Reuters) - Italy's government intends to promote tax cuts to help middle income earners this year after focusing initially on people with lower salaries, Prime Minister Giorgia Meloni said on Thursday.

Meloni's right-wing administration, under pressure to ease the burden on the middle classes, had hoped to ease taxes for those earning 50,000-60,000 euros in its latest budget, but failed to find the financial cover.

"This year I think clear attention should be given to the middle classes," Meloni told a news conference.

(Reporting by Angelo Amante; Editing by Crispian Balmer)