Tax cuts, the family allowance and ‘golden power’: Vannacci’s programme beyond remigration
The first part of the “Ideological and Policy Framework of Futuro Nazionale for the Italia of the Future” has been published online (two further parts will follow in the coming weeks), focusing on the economy, international politics, security, immigration, justice and energy.
Key points
- Tax cuts and the family quotient
- Cash limit doubled to 10,000 euros
- Strengthening SMEs and strategic sectors
- Golden Power to be upgraded
- Resume Russian gas supplies
- No to arms for Kyiv
- The possibility of leaving NATO, the EU and the euro has not been ruled out
- Draconian crackdown on immigration and citizenship
- Zero tolerance and criminal responsibility for children aged 12
The “patriotic and identity-based” right-wing movement led by Roberto Vannacci has launched its programme. Following a initial presentation during the Constituent Assembly in Rome on 14 June, a couple of months’ fine-tuning was required before the online publication of the first part of the “Ideological and Policy Framework for a National Future for Italia” (two further parts will follow in the coming weeks), focusing on the economy, international politics, security, immigration, justice and energy. The timeframe for implementing the proposals is ten years, spanning two parliamentary terms, explains the general, who summarises the “non-negotiable red lines” as follows: ‘life from conception to natural death, the natural family, Christian identity, and the Roman conception of law’. A programme (co-ordinated by the former Lega Nord city councillor Lorenzo Gasperini (a professor of philosophy, regarded as the general’s ideologue)) which, according to Vannacci himself, ‘is not set in stone but is a living document that will be adapted and amended whenever circumstances and the situation so require’.
Tax cuts and the family allowance
The substantial opening chapter on economic policy begins with tax issues, in relation to which the party proposes, amongst other things, tax simplification, a structural reduction in the tax wedge and a cut in personal income tax rates, as well as the introduction of a ‘genuine family quotient’, which takes into account, for the purposes of determining the tax rate, ‘how many people the income actually supports’. The family is at the heart of other proposals put forward by Futuro Nazionale, such as ‘the gradual reduction in VAT on essential goods’, as well as the ‘blue quotas’ in public sector recruitment, whereby a portion of the available posts is reserved for parents of large families. Among Futuro Nazionale’s policy objectives, it is worth noting the possibility of allowing retirement after 41 years of actual contributions, ‘through a gradual process compatible with the financial and demographic balance of the pension system’.
Cash limit doubled to 10,000 euros
But it is also SMEs and self-employed individuals that are the focus of attention for the General’s supporters, who propose, amongst other things, the ‘gradual phasing out of the balance and advance payment system for the self-employed and small businesses’, ‘the extension of the cash basis of accounting to professionals and smaller businesses’, as well as a review of the deductibility of business costs and the depreciation system, ‘encouraging productive investment, innovation, digitalisation, energy efficiency and capital goods’. As for the cash transaction limit, the proposal is to raise it from the current 5,000 to 10,000 euros.
Strengthening SMEs and strategic sectors
Strengthening small and medium-sized enterprises is also at the heart of FnV’s economic policy, with the aim of ‘creating a favourable environment for investment, reducing red tape, facilitating access to credit, supporting innovation and promoting generational renewal’. Considerable emphasis is placed on an industrial policy centred on Made in Italy as a long-term strategy for promoting Italian excellence, “by supporting businesses’ presence on international markets and strengthening the sectors that define the country’s competitiveness: advanced manufacturing, high-quality agri-food, fashion, design, specialised engineering, high value-added craftsmanship, creative industries and innovative technologies”, the text states.
Golden Power to be upgraded
FnV also advocates strengthening the Golden Power mechanism, ‘so as to enable intervention in cases where acquisitions or corporate transactions could jeopardise critical infrastructure, strategic technologies, production chains, national security or industrial capacity’. It proposes the establishment of the Sovereign Fund for National Growth as a “strategic investment instrument designed to support infrastructure, energy, innovation, advanced technologies, research, venture capital, innovative start-ups and the capitalisation of Italian businesses”.


