The day after the presentation of the text of the purchasing power bill, Bruno Le Maire, Minister of the Economy, was on Friday July 8, 2022 on franceinfo. He “guarantees” to the French that “not only will there be no tax increase, but we will continue to lower taxes.”
>> Fuel allowance, “food voucher”, pensions… What to remember from the package of government measures for purchasing power
Thursday, July 7, the government presented Thursday a series of new measures in favor of purchasing power, the cost of which it estimates at around 20 billion euros, to support households hit by inflation.
Purchasing power: who will foot the bill? ➡️ “France helps those in need. It is right and necessary” to do so, for Bruno Le Maire. “I guarantee the French that there will be no tax increase, but that we will continue to lower taxes.” pic.twitter.com/vVhS8Yxlog
— franceinfo (@franceinfo) July 8, 2022
Asked about these measures, Bruno Le Maire insisted: “We are in the heart of the peak of inflation, it is right and necessary to help those who cannot even take their car to go to work“, thus returning to the new measure of the government to extend at least until the end of September the fuel discount of 18 cents, introduced since April 1.
This “boost” will be reduced to 12 cents on October 1 and then to 6 cents on November 1 before ending on December 1. To replace it, a “worker fuel allowance” will, subject to means, be put in place from October for employees who use their car to go to work. It will be between 100 and 300 euros, depending on the level of income and the distance travelled. The Minister of the Economy assumed “a political choice” within the scope of this allowance, which will not necessarily concern all the inhabitants of rural areas, where the car is often essential.
These measures will be “without increasing the debt and without increasing the deficit”, assures Bruno Le Maire, in response to the concerns of the Court of Auditors. The measurements are “financed by exceptional tax revenue”due to “the growth that makes corporate tax” and job creation, “who makes social security contributions”, he defends.
If he promises to listen to the proposals of the oppositions in the National Assembly during the debates, he also draws a red line: the balance of the budget. “We will not buy the compromise with billions of euros”he asserted.
Purchasing power ➡️ “We are no longer in whatever it costs”, defends Bruno Le Maire, Minister of Economy and Finance. “These 20 billion euros are financed by exceptional tax revenues. We will not buy the compromise with billions of euros.” pic.twitter.com/DNTAtQF1Cd
— franceinfo (@franceinfo) July 8, 2022