Olivier Faure wants to “ensure that those who can pay pay”

“Why do we always protect the richest?” asks the First Secretary of the PS, according to whom, those who will still “toast” are the retirees, the sick and the unemployed.

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Olivier Faure, First Secretary of the Socialist Party, October 10, 2024 on franceinfo. (FRANCEINFO / RADIO FRANCE)

“Ensure that those who can pay pay”advocated Thursday October 10 on franceinfo the First Secretary of the Socialist Party Olivier Faure, while the government must present its 2025 budget during the day. The executive must detail how it intends to find 60 billion euros in the finance bill (PLF) and the financing of social security (PLFSS) to reduce the deficit to 5% of GDP in 2025, before attempting to fall below 3% in 2029.

The Barnier government hopes to free up around 20 billion euros via an increase in taxation and around 40 billion thanks to the reduction in public spending. “I am obviously in favor of the idea that we must make savings, I am in favor of the idea that we must also find tax resources where they exist”declared Olivier Faure. The Prime Minister announced that he wanted to increase “temporarily” taxes for some “300 companies” whose turnover exceeds 1 billion euros and for the wealthiest households in the country. This tax increase will not affect “middle classes”, neither “those who work”, neither “the most fragile”, promised Tuesday on franceinfo the Minister of Budget and Public Accounts Laurent Saint-Martin. For Olivier Faure, the fact “to tax large fortunes and large companies in a limited and temporary manner” East “a screen”when lasting efforts will be required “for everyone else”.

“We see it coming in small steps : we can clearly see that it is the retirees who will pay first”, lamented the boss of the PS. On pensions, the government plans to postpone the indexation of pensions by six months, to July 1, which should make it possible to free up “around 4 billion in savings”according to the Ministry of Labor. The government “wants to make the sick pay”, continued Olivier Faure, while the government plans to transfer a fraction of reimbursements for medical consultations to complementary health insurance and to reduce the contribution of Health Insurance to the financing of sick leave. “The unemployed will also toast since the reform of unemployment insurance is once again on the table”he continued, before deploring the planned increase in the internal tax on final electricity consumption.

“We are on a trajectory which is not at all a trajectory for the richest, which is a trajectory for everyone else, and it will not be temporary.”

Olivier Faure, First Secretary of the PS

at franceinfo

But “why do we always protect the richest?”questioned the boss of the PS.

The government has also planned to cut back on reductions in employer contributions on salaries. An increase in “labor cost” criticized by Medef. The president of the first employers’ organization, Patrick Martin, protested against this planned reduction in employer contributions, fearing the destruction of “hundreds of thousands” of jobs. “Today we have a management that screams before it hurts. That’s its nature and it’s fair game. But the reality is that all of that makes no sense”replied Olivier Faure. “If we simply take the tax gifts that have been made over the past seven years, there are 62 billion per year, according to the Court of Auditors, which have been offered to big fortunes or big companies”argued Olivier Faure. “We cannot ask the French to tighten their belts every time, they keep doing it”he added.


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