Archive · 3 Oct 2025
French PM Proposes Wealth Tax to Resolve Budget Impasse
The French Prime Minister is trying to make a new budget for the country.
To do this, he's trying to get other parties to agree.
He proposed a tax on rich people's money to help.
He also promised not to use a special rule that lets him pass laws without a vote, which the opposition parties liked.
But the opposition parties don't think that is enough.
They want more changes.
Parliament is split so the Prime Minister needs to get help from his rivals to make the budget work.
So, they are discussing what the budget should include to try and work together.
French PM Lecornu proposed a wealth tax to win support for the 2026 budget.
Lecornu ruled out using Article 49.3 to push the budget through without a vote.
The Socialist Party found the proposal insufficient but left the door open for further talks.
The National Rally welcomed Lecornu's decision but wanted to know more about his policy plans.
Parliament is divided, with no single party holding a majority.
- Who
- Sebastien Lecornu (French Prime Minister) and members of the Socialist Party and National Rally.
- What
- Lecornu proposed a wealth tax to address the budget impasse and ruled out using Article 49.3.
- When
- The discussions took place on Friday.
- Where
- France
- Why
- To gain support for the 2026 budget amid parliamentary division.
Socialist Party
National Rally
Budget Proposal Adequacy
Socialist Party
Found the wealth tax proposal to be insufficient and alarming in substance.
National Rally
Welcomed Lecornu’s decision not to use Article 49.3 but wanted further policy details.
Use of Article 49.3
Socialist Party
Welcomed the decision not to use Article 49.3
National Rally
Welcomed the decision not to use Article 49.3
- Prime Minister
- Sebastien Lecornu
- Proposed Tax
- Wealth tax on financial wealth
- Political Parties Involved
- Socialist Party, National Rally (RN)
- Budget Year
- 2026
- Key Issue
- Budget Impasse
- Article 49.3
- Constitutional clause to pass laws without a vote