• Sun. Apr 14th, 2024

François Bayrou urges government to consider targeted tax hike

BySamantha Johnson

Mar 25, 2024
François Bayrou urges government to consider targeted tax hike

On Monday, François Bayrou called for discussions between the government and parliamentarians regarding a targeted increase in taxes, a demand that the MoDem party has been making for several years. Finance Minister Bruno Le Maire has categorically refused this proposal. Bayrou stated that it would be beneficial for the government and parliamentarians to sit down and explore this topic freely, especially with the announcement of a potentially higher public deficit in 2023 than initially forecast.

When questioned about the possibility of taxing companies with “super profits” or “super dividends,” Bayrou highlighted that the MoDem had already proposed similar measures in previous budgetary years. He emphasized the importance of implementing rebalancing measures that target those with the most means, particularly those who have been impacted by the crisis, while also maintaining France’s appeal to investors.

Bayrou expressed his opposition to a new reform of unemployment insurance that aims to reduce the duration of compensation, as proposed by the government. He argued that blaming the unemployed for unemployment is misguided, especially considering that many individuals may have lost work skills over time. Bayrou suggested that a different approach to reforming unemployment insurance is necessary.

In summary, François Bayrou’s call for discussions on tax hikes, targeted towards those with the most means, and his opposition to proposed reforms of unemployment insurance reflect the MoDem’s ongoing efforts to address economic challenges in France.

By Samantha Johnson

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