HomeEconomyBudget 2025: the National Assembly expands and perpetuates the surtax on high...

Budget 2025: the National Assembly expands and perpetuates the surtax on high incomes

The deputies approved this Tuesday afternoon in first reading article 3 of the finance bill that establishes a differential contribution for high incomes.

MPs on Tuesday night approved the new tax contribution for high-income households proposed by the Government in its draft budget for 2025, but broadened the base of this surcharge and made it sustainable.

This provision is equivalent to establishing a minimum tax rate of 20% for households that declare more than 250,000 euros of annual income for a single person. The government wanted to introduce it “exceptionally” for three years, but the National Assembly adopted amendments presented by the left and the modem to eliminate this time limit.

Of the 258 voting deputies, 191 voted in favor and 35 against the adoption of this text.

The state budget for 2025 has been debated in the National Assembly since Monday, October 21. Consideration of the bill and its thousands of amendments is due to continue throughout the week.

Author: Matthieu Heyman with AFP
Source: BFM TV

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