Modem Party Leader Opposes Targeted Tax Increase, Urges Fair Solutions to Address Economic Challenges in France

François Bayrou urges government to consider targeted tax hike

On Monday, Finance Minister Bruno Le Maire refused the proposal of a targeted increase in taxes made by François Bayrou. The Modem party leader has been advocating for such an increase for several years. Bayrou emphasized the importance of free and open dialogue between government officials and parliamentarians to explore this issue thoroughly, especially with the upcoming announcement from INSEE about a public deficit in 2023 that is significantly higher than initially forecasted.

When asked about remarks made by National Assembly President Yaël Braun-Pivet regarding the possibility of taxing companies with “super profits” or “super dividends,” Bayrou pointed out that his party had proposed similar measures in previous budgetary years. He underscored the need for any rebalancing measures to target those with the most means, including those who have been most affected by the crisis.

In addition to discussing tax increases, Bayrou also expressed his opposition to a new reform of unemployment insurance that aims to reduce the duration of compensation. He argued that unemployed individuals should not be blamed for unemployment, especially considering that many of them have lost work skills over time. Instead, he suggested that reforms should focus on addressing the root causes of unemployment.

Overall, Bayrou’s statements highlighted the importance of fair and targeted measures to address economic challenges facing France while also taking into account their impact on individuals and businesses. He encouraged open dialogue and collaboration between government officials and legislators to find effective solutions to these complex issues.

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