Bloomberg News

Monti Says Premature to Call Confidence Vote on Budget Plan

December 06, 2011

Dec. 6 (Bloomberg) -- Italian Prime Minister Mario Monti said it is too soon to decide whether he will call a confidence vote in Parliament to speed passage of his 30 billion-euro budget plan.

Monti also said that his government won’t raise income tax rates, but severance pacakges of more than 1 million euros will be taxed at 46 percent, more than Italy’s current top rate of 43 percent.

To contact the reporter on this story: Lorenzo Totaro in Rome at ltotaro@bloomberg.net

To contact the editor responsible for this story: Andrew Davis at abdavis@bloomberg.net


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