Overview
- The Senate passed the budget 110–66 with two abstentions after a confidence vote on a sweeping maxiemendamento, and the non‑amendable text now moves to the Chamber for a final vote expected by December 30.
- The government values the package at about €22 billion after late additions for Transizione 5.0, the southern ZES and price adjustments.
- Five provisions were stripped in committee after Quirinale concerns, including an employer shield against paying arrears to underpaid workers, looser revolving‑door rules, changes on magistrates on secondment and personnel rules at Covip.
- The plan cuts the second IRPEF rate to 33% for incomes up to €50,000, applies a 5% substitute tax to contractual pay increases for lower earners, and raises ISEE thresholds by excluding main homes up to €200,000 in major cities (€91,500 elsewhere).
- Competitiveness measures include roughly €7 billion in incentives such as reinforced Transizione 4.0 credits and support for the ZES, while banks and insurers face higher levies, including a doubled Tobin tax expected to raise over €5 billion.