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> The proposed budget has exposed the seams in Italy’s governing coalition, where one party favors small-business-friendly tax cuts and the other enormously exp
by riffraff 8y ago
> The proposed budget has exposed the seams in Italy’s governing coalition, where one party favors small-business-friendly tax cuts and the other enormously expensive welfare programs.
this has not really happened, the choice by the government has been: "let's do both tax cuts and expand welfare, finance it with debt, growth in the next few years will fix everything".
This is the worrisome bit, not that there is any widening seam in the government; the governing coalition is granitic until now, even in the face of things that the electoral body thought would never be compatibile.