This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Berlusconi: If I Win, I'll Cancel Home Tax

The populist's center-right forces trail a center-left coalition in opinion polls before Feb. 24-25 elections. Monti, heading a centrist ticket, trails even farther back, but his forces could prove to hold the key to forming a coalition since no one ticket is expected to get enough seats in Parliament to govern alone.

Berlusconi didn't mention that his Freedom People legislators in Parliament approved nearly all of Monti's austerity measures, including the same property tax he is now vowing to eliminate at his first Cabinet meeting should he be victorious at the ballot box.

With the economy stagnant, unemployment rising and Italians growing weary of sacrifices imposed by the government, Berlusconi withdrew his party's support for Monti late last year, forcing elections to be called about two months ahead of time.

Monti sarcastically commented on Berlusconi's promise to reimburse property owners for the tax paid last year. "He's magnificent," Monti told reporters. "Berlusconi governed for so many years and maintained none, any of his promises," including one to reduce income taxes.

"What's more, he created many problems, so much so that he had to leave" office, Monti added. While Berlusconi is trying to be elected premier for the fourth time, "Italians have good memories, I believe," Monti said.

Berlusconi has been coy on whether he would be premier again should his forces win the election. On Sunday, he added a new twist, saying he would be economy minister, joking that he would hold that post if his top aide "would let him."

Front-runner Pier Luigi Bersani has seen a slight drop in support in the polls for his center-left campaign coalition, possibly because of fallout from a widening scandal involving an Italian bank whose board included some backers from his Democratic Left Party. Running third in some polls and ahead of Monti is a comic and political agitator, Beppe Grillo.

The same polls have found that roughly a third of eligible voters saying they are either undecided or won't vote.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,880.36 -31.75 -0.19%
S&P 500 1,970.07 +0.12 0.01%
NASDAQ 4,462.9020 +20.2040 0.45%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs