THE ESSENTIALS
- Sébastien Lecornu opened debates on the state budget on Friday in the Assembly, which promise to be decisive this weekend. Read the summary
- The discussions promise to be heated, while the Socialist Party, which demands more social justice, has threatened government censorship. Read the article
- Sébastien Lecornu intervened at the opening of the debates, acknowledging to the deputies an “imperfect” budget, but asking “not to compromise the future of the country.” Read the summary
- Elected officials have a total of 70 days to examine the Finance Bill (PLF) in its entirety from the presentation of the text on October 14, that is, until December 23. Read the writing
Examination of the Zucman tax in the day’s program at the Borbón Palace
MPs continue their work today by examining other measures aimed at wealth. Among them will be the famous Zucman tax, defended by the left.
This tax, named after the economist Gabriel Zucman, aims to force taxpayers with at least 100 million euros in assets to pay a minimum tax of 2% on this wealth.
As happened earlier this week in committee, it should run into an unfavorable majority in the chamber: the far right and the government refuse to tax the professional goods targeted by this tax.
The exceptional contribution to high incomes extended by the deputies
The budget review by the National Assembly began yesterday, maintaining an exceptional contribution to high incomes until the deficit returned to below 3%.
Introduced in 2025, this measure sets a minimum tax rate of 20% for households whose income exceeds 250,000 euros per year. According to figures presented by the government, it should raise 1.5 billion euros in 2026.
The government’s plan initially planned to maintain it only until 2026. The left, for its part, wanted to perpetuate and strengthen it.
>> Read the full article
Sébastien Lecornu recognizes an “imperfect” budget
Unusually, the Prime Minister went to the Bourbon Palace yesterday to deliver a fifteen-minute statement that opened the session’s debates on the recipe.
Before the deputies he acknowledged an “imperfect” text, but called for “not compromising the future of the country.”
Debates in Parliament will last until Christmas
Those elected have a total of 70 days to examine the finance bill (PLF) proposed by the Lecornu government in its entirety from the presentation of the text on October 14, that is, until December 23.
Yesterday, on the first day of debates, the motion of preliminary rejection presented by La France insoumise was rejected by the National Assembly, with 60 votes in favor and 258 against.
The debates promise to be decisive in the Assembly
Hello and welcome to this live stream dedicated to discussions on the Government Finance Bill.
Sébastien Lecornu yesterday opened debates on the state budget in the Assembly, which promise to be decisive this weekend, with the PS demanding more fiscal justice and threatening to overthrow the government.
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Source: BFM TV
