Politics · France · 1 hr ago

French lawmakers begin debate on budget revenue measures

French lawmakers begin debate on budget revenue measures

French lawmakers began debating the revenue section of the government’s budget in the National Assembly in Paris on Tuesday.

A finance committee had amended and then rejected the proposal, so lawmakers are now starting from the government’s original text.

Many lawmakers opposed reducing a tax break for retirees, a change that would have raised 1.5 billion euros.

Other disputes concern a proposed tax of at least 2% on fortunes above 100 million euros, inheritance tax rules and possible extra spending on education and household support.

The debate weighs tax and spending choices against the goal of cutting the deficit to 5%, which the government says is needed to reassure financial markets and limit borrowing costs.

Lawmakers will continue examining the budget, while the government may include some amendments and has already extended fuel assistance; any extra spending would need to be offset elsewhere.

What people are saying

David AmielMinister for Public Action and Accounts
We saw the same political parties that claim to support young people vote against all measures that asked retirees for the slightest effort
via franceinfo

Sources

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