Europe Italy’s League wants to cut taxes by raising deficit a little bit

Italy’s League wants to cut taxes by raising deficit a little bit

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Italian Deputy PM Matteo Salvini leaves after a news conference in southern Italy on a bank holiday as the government crisis continues, in Castel Volturno, Italy August 15, 2019.

 Italy’s ruling League party would seek tax cuts in the 2020 budget by raising the country’s deficit a little bit, its economics spokesman said on Monday.

League chief Matteo Salvini pulled the plug last week on its coalition government with the anti-establishment 5-Star Movement, starting a potential countdown to elections, which the country may need to tackle alongside preparing its budget in the fall.

“We need to pursue a tax cut and it is obvious that a small proportion will be funded with the deficit,” League economics chief Claudio Borghi said.

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