an inevitable tax increase?

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Budget: an inevitable tax increase?
Budget: an inevitable tax increase?
(France 2)

The future government of Michel Barnier will have to have its budget validated by Parliament before January 1, 2025 and grant it 70 days of debate.

The budget countdown has begun several weeks late. Will the future government be able to avoid raising taxes? For now, Michel Barnier believes that all that is needed is greater tax justice. In the corridors of the National Assembly, on the left, the project of a reform of income tax remains on the table to tax the wealthiest much more heavily.

“The biggest fortunes in France have seen their assets double since Mr. Macron came to power”says Éric Coquerel, LFI deputy and president of the Finance Commission. For its part, the right persists and signs. It will systematically oppose any increase in taxes. “We do not want the situation in the country to deteriorate”assures an LR deputy.

Finding new tax revenues seems inevitable, however. Taxing the super profits of large energy groups will eventually reach consensus, because the 2025 budget is a headache. This afternoon, summoned before the Finance Committee, Bruno Le Maire had to account for the slippages in public finances.


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